Font Size: AAA // Print // Bookmark

Comment for Proposed Rule 75 FR 3281

  • From: Tunde Owoeye
    Organization(s):

    Comment No: 5672
    Date: 3/2/2010

    Comment Text:

    i0-001
    COMMENT
    CL-05672
    From:
    Sent:
    To:
    Subject:
    Tunde Owoeye
    Tuesday, March 2, 2010 5:06 AM
    secretary
    Regulation of Retail Forex - RIN 3038-AC61
    Hello Mr David Stawick,
    Secretary, Commodity Futures Trading Commission
    I am certain that the restriction of the maximum leverage in retail trading of the FOREX (market) will affect thousands of traders
    negatively and may even aggravate the effects of the economic downturn by producing more people that cannot cater for their basic
    needs. Please let us focus more on educating people about the positive/negative effects of excessive leverage as an option restricting
    them
    Thanks
    Tunde Owoeye
    Retail Forex Trader