Comment for Proposed Rule 75 FR 3281
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From:
Tobin Glover
Organization(s):
Comment No:
525
Date:
1/19/2010
Comment Text:
i0-001
COMMENT
CL-00525
From:
Sent:
To:
Subject:
Toby Glover
Tuesday, January 19, 2010 12:37 PM
secretary
Regulation of Retail Forex
Dear Sir,
I am writing in regards to RIN 3038-AC61 and the proposed regulations of retail foreign exchange
trading.
My main concern is that retail forex accounts would be subject to a 10:1 leverage
requirement. Changing the margin requirement would make it more difficult for individual traders
(independent small business) to earn a living or add extra income. In economic times such as these the
government should not be making it more difficult to earn a living by making capital requirements more
strict.
The margin requirement change would effectively make it impossible for people with lower
capitalization to trade. I believe this the change would be a mistake.
Thanks for your consideration,
Tobin Glover
