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Comment for Proposed Rule 75 FR 3281

  • From: SS
    Organization(s):

    Comment No: 5392
    Date: 2/15/2010

    Comment Text:

    i0-001
    COMMENT
    CL-05392
    From ."
    Sent:
    To:
    Subject:
    Dr. SS
    Monday, February 15, 2010 8:38 PM
    secretary
    Regulation of Retail Forex
    Hello CFTC
    please do not mess with Leverage in Forex, keep it at lO0:1
    each investor should be able to choose their own level of Risk
    your idea is a bad one, really bad!
    ..... Forwarded Message ....
    From: FX Solutions
    To."
    [email protected]
    Sent:
    Fri, January 22, 2010 1:24:28 PM
    Subject:
    How the Proposed CFTC Regulations Will Impact You
    This message contains graphics. If you do not see the graphics, 9.1!£I~.b~[~. tO.y!~W.
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    Dear FX Solutions Customer,
    Recently, the U.S. Commodity Futures Trading Commission (CFTC) announced that it is seeking public comment on proposed
    regulations concerning Forex trading. In part, the proposed regulations states:
    to collect security deposits in a minimum amount in order to prudentially limit the leverage available to their retail
    customers on such transactions at 10 to 1
    This means that leverage limits will be reduced from current limits of 100:1 to 10:1 for all Forex trading in the U.S. Belowisan
    example of how the proposed leverage reduction would affect your Forex trading account.
    FX Solutions is a proud registrant of the CFTC and member of the NFA and we will continue to cooperate with the CFTC and NFA in
    their efforts to eliminate fraud and deception within the Forex Market. However, we believe that you should be given the freedom to
    choose the appropriate amount of leverage for your individual trading style and risk tolerance.
    If you feel strongly about the proposal, we urge you to submit your comments directly to the CFTC. In order to ensure that your
    voice is heard, please send your comments to the CFTC by
    March 22, 2010
    and be sure to include
    Regulation of Retail
    Forex
    in the subject line and identification number RIN 3038-AC61 in the body of your message.
    You can contact the CFTC through any of the following methods:
    Email:
    Fax:
    Nail:
    (202) 418-5521
    David Stawick,
    Secretary, Commodity Futures Trading Commission,i0-001
    COMMENT
    CL-05392
    1155 21st Street, NW,
    Washington, DC 20581
    Web:
    FX Solutions is currently reviewing these proposed rules and along with the U.S. Forex Dealer Coalition will publish our opinion in
    the coming days. For more details on the proposed regulation visit the ~.I~[.(~.
    FX Solutions is a global Forex company which is committed to providing our clients with the utmost in transparency and client
    service. Our clients have the option to open accounts in either the UK or Australia which offer flexible leverage and are not
    impacted
    by CFTC rules. For information about FX Solutions regulated outside the United States, please visit ~.r:~.~.i.~g..~i~:.l~..~lig~#r:
    .l=~y.~?~g#. or contact (~Y.~.Q.D3~.E.~DLi~.
    Sincerely,
    FX Solutions
    2010 - FX Solutions,
    LLC
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    The products offered by FX Solutions are leveraged products which carry a high level of risk to your capital with the possibility of losing more than your initial investment and may
    not be suitable for
    all
    investors. Ensure you fully understand the risks involved and seek independent advice if necessary. Depositing more funds and opening more positions
    increases your risk.
    To the best of our ability, FX Solutions believes the information contained herein is accurate and true. We reserve the right to make corrections and/or update the material when
    deemed necessary. Therefore, FX Solutions assumes no responsibility for errors, inaccuracies or omissions in these materials.
    Distributed by: FX Solutions, LLC., Saddle River Executive Centre, One Route 17 South, Suite 260, Saddle River, NJ 07458
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