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Comment for Proposed Rule 75 FR 3281

  • From: Robert Urban
    Organization(s):

    Comment No: 4720
    Date: 2/1/2010

    Comment Text:

    i0-001
    COMMENT
    CL-04720
    From:
    Sent:
    To:
    Subject:
    Robert Urban
    Monday, February 1, 2010 11:31 AM
    secretary
    Regulation of Retail Forex
    RE: RIN 3038-AC61
    Concerning the proposed change in margin requirements for retail forex traders...such a move would:
    1. Cause a mass exodus of retail traders to an offshore broker
    2. Deal a crushing blow to U.S. based brokers
    3. Cause a loss of membership income to the NFA and CFTC
    Sincerely,
    Bob Urban