Font Size: AAA // Print // Bookmark

Comment for Proposed Rule 75 FR 3281

  • From: Dalip Sondhi
    Organization(s):

    Comment No: 5033
    Date: 2/4/2010

    Comment Text:

    i0-001
    COMMENT
    CL-05033
    From:
    Sent:
    To:
    Subject:
    Dalip Sondhi
    Thursday, February 4, 2010 10:57 PM
    secretary
    Regulation of Retail Forex
    Honorable Secretary,
    I believe the proposed regulation of 10-1 leverage should be imposed only on those individuals/entities
    that are trading currencies with other people's money. The currency markets need the liquidity provided
    by private funds.
    I expect a flight abroad to entities that the CFTC does not regulate.
    Dalip Sondhi
    Houston, TX