Comment Text:
i0-001
COMMENT
CL-05244
From:
Sent:
To:
Subject:
[email protected]
Monday, February 8, 2010 9:23 PM
secretary
Regulation of Retail Forex
I would like to go on record as opposed to the proposal to raise the margin requirement for a forex contract to
10/1 from 100/1. This will only drive my account overseas to another Broker who isn't required to abide by the
proposed change.
If the CFTC would really like to do something to decrease fraud and make forex trading safer for the average
trader then I would recommend that they involve themselves in the creation of a central data feed that all brokers,
banks and market makers can subscribe to and distribute to their clients.
This is an area that I feel I have lost the most money in my trading through stop hunting.
Kevin Coyne
RIN
3038-AC6
