Comment Text:
i0-001
COMMENT
CL-03875
From:
Sent:
To:
Subject:
Attach:
[email protected]
Monday, January 25, 2010 6:32 PM
secretary
[Fwd: Fw: URGENT - they want to stop you trading! !]
ATT00002.txt; untitled-2
Original Message
Subject: Fw: URGENT - they want to stop you trading!!
From: "CRR"
Date:
Mon, January 25, 2010 1:32 pm
To:
"Greg Crowe"
Cc:
"Paul Langley"
"Scott MT247"
"Forrest Waiters"
"Scott Waiters"
Dear FX Associates:
I am sure you have probably seen this by now. Please--we all need to write
the CFTC and express our opinion as to WHY this makes no sense? How does
it help the retail trader? At least--it will drive most of the FX Broker
business off shore. Just what we need when unemployment is over 10%!!
Chuck Rietz
..... Original Message .....
From: Matt Sharp
To: Charles R. Rietz
Sent: Friday, January 22, 2010 6:35 AM
Subject: URGENT - they want to stop you trading!!
Hi Charles,
Remember a few months back "they" (the NFA) stopped you
hedging in Forex?
Why?
Only they know - it certainly wasn't any advantage to us.
Now your future trading Forex is REALLY under threat...
Here's an excerpt...
As many of you are aware, the U.S. Commodity Futures Trading Commission
(CFTC) announced on January 13, 2010 that it is seeking public comment on
proposed regulations concerning retail Forex trading.
As part of the proposed regulations, it is stated: "leverage in retail forex
customer accounts would be subject to a 10-to-1 limitation," which means 10:1
leverage would be the maximum amount allowed for all Forex traders in the
U.S.i0-001
COMMENT
CL-03875
Now I'm based in the UK so this won't directly affect me immediately. But
where the US leads,
the rest follow.
This will mean that to trade a single standard lot of $100,000 you will
need $10,000 in your
account. Currently it can be as little as $200! How does this "help" us
retail traders??
These bureaucrats are supposed to be there to provide a safe environment
to trade in
not kick us out of the game!!
Please contact the CFTC and let them know what you think if you ever want
to be able to
trade forex !! Email them here.., [email protected]
Please don't mail me back as I don't understand why or what they hope to
achieve either.
Regards and thanks for your time
Matt
The Willows, Orchard Close, Felsham, Bury St Edmunds, Suffolk
To unsubscribe or change subscriber options visit:
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19:34:00A-I-I-ACH M ENT INFO
Location"
Personal Folders\IPM_SUBTREE\Retail FOREX
Transactions (3987 of 5627)
From" [email protected]
Sent:
Monday, January 25, 2010 6:32 PM
Subject:
[Fwd" Fw" URGENT - they want to stop you
trading! !]
Attachment:
1 of 2 (A-FI-00002.txt)
Comments: UNSUPPORTED OR EXCLUDED FILE TYPE
A-I-I-ACH M ENT INFODear FX Associates:
I am sure you have probably seen this by now. Please--we all
need to write the CFTC and
express our opinion as to WHY this makes no sense?
How does it help the retail trader?
At least--it will drive most of the FX Broker business off shore. Just what we need when
unemployment is over 10%!!
Chuck Rietz
..... Original Message .....
From: Matt Sharp
To:
Charles R. Rietz
Sent:
Friday, January 22, 2010 6:35 AM
Subject: URGENT - they want to stop you trading!!
Hi Charles,
Remember a few months back "they" (the NFA) stopped you
hedging in Forex?
Why?
Only they know - it certainly wasn't any advantage to us.
Now your future
trading
Forex is REALLY under threat...
Here's an excerpt...
As many of you are aware, the U.S. Commodity Futures Trading Commission
(CFTC) announced on January 13, 2010 that it is seeking pub#c comment on
proposed regulations concerning retail Forex trading.
As part of the proposed regulations, it is stated." "leverage in retail forex
customer accounts wouM be subject to a l O-to-1 #mitation, "which means 10:1
leverage wouM be the maximum amount allowed for all Forex traders in the U.S.
Now I'm based in the UK so this won't directly affect me immediately. But where the US leads,
the rest follow.
This will mean that to trade a single standard lot of $100,000 you will need $10,000 in your
account. Currently it can be as little as $200!
How does this "help" us retail traders??
These bureaucrats are supposed to be there to provide a safe environment to trade in
not kick us out of the game!!
Please contact the
CFTC and let them know what you think if you ever want to be able to
trade forex !!
Email them here.., [email protected]
Please don't mail me back as I don't understand why or what they hope to achieve either.
Regards and thanks for your time
Matt
The Willows, Orchard Close, Felsham, Bury St Edmunds, SuffolkTo unsubscribe or change subscriber options visit:
http ://www. aweber, com/z/r/?LBycHCyctCzsnEysDAwstEa0blwsj MxMzA--
No virus found in this incoming message.
Checked by AVG - www.avg.com
Version: 8.5.432/Virus Database: 271.1.1/2637- Release Date: 01/21/10 19:34:00
