Comment Text:
i0-001
COMMENT
CL-04657
From:
Sent:
To:
Subject:
Scott
Sunday, January 31, 2010 12:00 PM
secretary
Regulation of Retail Forex
Regarding ID number RIN 3038-AC61
Ptease do NOT do this[ Or at teast DELETE the part that increases the minimum margin requirement to 10
percent (10-to-1 teverage) on retait Forex accounts.
I am a retait Forex customer and I have been working on my own smart business in the Forex industry. I am
getting ready to taunch my new business. If this proposed regutation of 10:1 teverage (10%) is enacted, my new
smart business might not even get off the ground because my new customers won't be abte to make any money
and the margin requirements witt be too high to even open an account.
Aren't there atready regutations on Forex deaters that require them to dose out positions before they get too
far into their capitat anyway? Atso, Forex deaters atready have naturat incentives to keep their customers from
tosing more money than is in their accounts, because then it woutd come out of the Forex deater's own
account.
I have been working on my business so tong and I am finatty about to taunch. I atready have enough obstactes
to getting my business off the ground; this coutd kitt it before it even starts.
Thank you for your consideration,
Scott Frank
