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Comment for Proposed Rule 75 FR 3281

  • From: Luther Dulaney
    Organization(s):

    Comment No: 4152
    Date: 1/26/2010

    Comment Text:

    i0-001
    COMMENT
    CL-04152
    From:
    Sent:
    To:
    Subject:
    luther dulaney
    Tuesday, January 26, 2010 7:50 PM
    secretary
    Regulation of Retail Forex
    I am writing in reference to proposed rules that would limit margins offered by Forex Brokers to 10:1. I
    have traded the Forex markets for the past two years to supplement my income. My goal is to trade full
    time in the Forex Markets. I believe that restricting Brokers to this margin would effectively kill the
    retail forex market in the USA. I will simply move my account to a foreign broker or be forced to quit
    all together. I think a move to limit margins would be an unfortunate event.
    Sincerely,
    Luther Dulaney