Comment Text:
i0-001
COMMENT
CL-04817
From:
Sent:
To:
Subject:
Sergio Horta
Wednesday, February 3, 2010 11:14 AM
secretary
Regulation of Retail Forex
RIN 3038-AC61
Dear Sir/Madam,
As a retail forex trader, I am extremely concerned about the recent proposed margin changes
that could increase
the minimum margin requirement to 10 percent. Such a change to the current minimum
requirements would be devastating to retail forex traders here in the US.
As an immigrant from the United Kingdom, one of the many attributes of American society is
the ability for the average citizen to pursue his dreams in whatever arena he/she so choose by
competing with individuals or corporations. Should the
10:1 leverage rule stand, I for one would no longer
be able to pursue this dream of trading the forex market.
I therefore urge you to reconsider the proposed margin changes and not allow this rule to
stand. It will harm the average citizen in a time when we need to hold on to our dreams in the
knowledge that we will not be excluded from competing in the forex market.
Yours sincerely,
Sergio Horta.
