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Comment for Proposed Rule 75 FR 3281

  • From: Gangesh Forex
    Organization(s):

    Comment No: 5595
    Date: 2/26/2010

    Comment Text:

    i0-001
    COMMENT
    CL-05595
    From:
    Sent:
    To:
    Subject:
    [email protected]
    Friday, February 26, 2010 2:06 AM
    secretary
    Public Comment Form
    Below is the result of your feedback form. It was submitted by
    ([email protected]) on Friday, February 26, 2010 at 02:06:11
    commenter_subject: Regulation of Retail Forex
    commenter_comments: Dear Sirs - I understand that there is a proposal
    to amend the current margin requirements for retail
    forex trading from 1% to 10%. As a small investor,
    currently we can leverage the opportunity to trade
    in forex with small margin and thereby make some
    additional income to supplement our employment
    income. However, if the margin is increased to 10%,
    we will not be able to trade and thereby will not
    be able to make a supplement income. Therefore, we
    would kindly request you to keep the existing
    requirements static.
    Regards,
    Gangesh
    commenter_name: Gangesh
    commenter_withhold_address_on: ON