Font Size: AAA // Print // Bookmark

Comment for Proposed Rule 75 FR 3281

  • From: Brad McKay
    Organization(s):

    Comment No: 6599
    Date: 3/8/2010

    Comment Text:

    i0-001
    COMMENT
    CL-06599
    From:
    Sent:
    To:
    Subject:
    [email protected]
    Monday, March 8, 2010 7"06 PM
    secreta ry < secreta ry@ C FTC. g ov >
    Hi
    You are proposing to go from 100:1 to 10;1 margin requirements for retail forex traders. Why
    bother you will be forecing out the little guy. Why don't you just shut it down. How many did you
    force out when you reduced it from 400:1 tp 100:1? With your next move there will only be a
    handful left.Again I say why bother with 10:1 , just make it too costly and force everybody out
    including the broker. Now people will go over seas to less regulated countries.
    Brad McKay