Comment Text:
i0-001
COMMENT
CL-06389
From:
Sent:
To:
Subject:
Russell Bowen
Saturday, March 6, 2010 12:38 PM
secretary
Regulation of Retail Forex
Please know that I oppose any regulation that ups the margin requirements. Trading is all about risk
management. This new regulation will only assure that the rich get to play. Lower Class people like myself will get
shut out of being able to make trading worthwhile. If this goes ahead I will be moving all of my accounts to the UK.
Thanks for the opportunity to voice my opinion.
Stephen Russell Bowen
From: [email protected]
To: russell_bowen [email protected]
Date: Wed, 3 Mar 2010 18:57:20 -0500
Subject: Forex Traders Unite to Oppose 10:1 Leverage Cap
Forex
Traders
Unite to
Oppose
10:1
Leverage
Cap
The U.S. Commodity Futures Trading Commission (CFTC) recently proposed broad regulatory changes that include
reducing the current leverage available to forex traders from 100:1 to 10:1.
So far, over 7,000 traders have expressed their strong opposition to the proposed leverage change.
Your opinion matters. The time to act is now!
The close for comments is Monday, March 22,2010. Simply email your comments directly to the CFTC at:
~#£[~e[y@£f~£,ggy and include 'Regulation of Retail Forex' in the subject line of your message.
You can also submit your comments by any of the following methods:
¯ Fax: (202)418-5521
¯ Mail: David Stawick, Secretary
Commodity Futures Trading Commission
1155 21st Street, N.W.,
Washington, DC 20581
¯ Courier: Use the same as mail above.i0-001
COMMENT
CL-06389
HOW WOULD THE PROPOSED CHANGE AFFECT YOU?
Max leverage under current regulations
Maximum leverage under proposed changes
100:1 leverage (one percent)
10:1 leverage (10 percent)
111 !ot (100i000)1 Iot(lO0,O00) i
Margin requirement: $1,000
Margin requirement: $10,000
It's not too late for you to voice your concerns and make a difference.
24 b~ a sa~fro
am
8~day to 5pro E~iday ! !i9Q8i73~i075
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Forex trading involves significant risk of loss and is not suitable for all investors. Increasing leverage increases risk. Spot Gold and Silver
contracts are not subject to regulation under the U.S. Commodity Exchange Act. Before deciding to trade forex, you should carefully consider
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