Comment Text:
i0-001
COMMENT
CL-04862
From:
Sent:
To:
Subject:
[email protected]
Wednesday, February 3, 2010 8:24 PM
secretary
REGULATION OF RETAIL FOREX ......
ID#R1N 3038-AC61
Please DO NOT CHANGE the leverage margin requirement for retail forex from 100:1 to 10:1 as this would
destroy the U.S. retail foreign exchange industry.I find it hard to believe that you would even think of such a
requirement.The object of the game is to keep the industry going and growing and NOT to destroy it.A.l.G, and
companies like it were the reason we are in this mess.NOT the FOREX MARKET.Again---I find it hard to believe
that someone would dream up such an idea at a time like this in out history.The only reason I can think of for
someone in the C.F.T.C. coming up with this idea is that they WANT TO DESTROY the FOREIGN EXCHANGE
market for reasons that I will most likely never know.This is beyond belief that anyone would think up such an idea
unless they wanted the commodity futures market,stock market and options market to grow while getting rid of the
foreign exchange
