Comment for Proposed Rule 75 FR 3281
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From:
Josh Ford
Organization(s):
Comment No:
655
Date:
1/19/2010
Comment Text:
i0-001
COMMENT
CL-00655
From:
Sent:
To:
Subject:
Josh Ford
Tuesday, January 19, 2010 2:51 PM
secretary
regulation of retail forex
Requiring retail traders to trade with a maximum of 10:1 leverage is not only disruptive to the livelihoods of many
small retail traders but also destructive to an entire industry. Requiring US based otc forex brokers to function in
an environment of 10:1 leverage will only server to drive this business to overseas brokers who may in fact be far
less regulated that what currently exists here in the US.
Individual traders would be far better served by regulatory bodies requiring segregated accounts and or larger
capital reserves than the current 20 million and not by regulators further interfering with how individual traders
manage their account and trades.
J. Ford
1312 richmond
cary, nc 27511
919-640-6087
