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Comment for Proposed Rule 75 FR 3281

  • From: Tom
    Organization(s):

    Comment No: 6515
    Date: 3/8/2010

    Comment Text:

    i0-001
    COMMENT
    CL-06515
    From:
    Sent:
    To:
    Subject:
    tom
    Monday, March 8, 2010 1:32 AM
    secretary
    Regulation of Retail Forex--Not in favor of 10:1 leverage proposal
    CFTC/David Stawick,
    Since you now propose a 10:1 leverage rule for Retail Forex I would like to know if you are proposing the same
    leverage requirement for all commodities and futures contracts including their options contracts?
    If not, then the CFTC and the NFA's motives are to be questioned.
    I am not in favor of the new 10:1 leverage proposal by the CFTC. In fact, it should be raised back to
    400:1 from the current 100:1.
    Public comment
    RIN3038-AC61