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Comment for Proposed Rule 75 FR 3281

  • From: Jim Oberthaler
    Organization(s):

    Comment No: 5926
    Date: 3/4/2010

    Comment Text:

    i0-001
    COMMENT
    CL-05926
    From:
    Sent:
    To:
    Subject:
    Jim Oberthaler
    Thursday, March 4, 2010 7:30 AM
    secretary
    Regulation of Retail Forex
    Please DO NOT cap leverage on foreign exchange trading at 10:1.
    In these turbulent times, when we can't count on Government to keep financial markets under control,
    and the US Government is running formerly unthinkable deficits, FOREX trading is an important way
    for even the average investor to protect himself. Reducing the leverage from 100:1 to 10:1 would
    essentially make this vehicle unusable.
    Thank you for listening to my opinion.
    Jim Oberthaler