Font Size: AAA // Print // Bookmark

Comment for Proposed Rule 75 FR 3281

  • From: Victor Ajayi
    Organization(s):

    Comment No: 405
    Date: 1/19/2010

    Comment Text:

    i0-001
    COMMENT
    CL-00405
    From:
    Sent:
    To:
    Subject:
    victor ajayi
    Tuesday, January 19, 2010 9:37 AM
    secretary
    'Regulation of Retail Forex
    RIN 3038-AC61
    I think it is unfair for CFTC to change the leverage.
    The margin requirement is too high. we have people who dont have $10,000 to buy a lot.
    the leverage used to be 200:1, where 1 lot cost $500.00.
    i think the levereage should be 200:1, and let everyone determine their risk level.
    thanks