Comment Text:
i0-001
COIMMENT
CL-06676
From:
Sent:
To:
Subject:
Bill Seaman
Tuesday, March 9, 2010 10:59 AM
secretary
Regulation of Retail Forex
As a trader, I am very concerned about regulation of retail forex accounts to a 10:1 ratio. This will
effectively remove most private investors from the forex market. Specifically, I am talking about the
proposed Farm Bill, number RIN 3038-AC61. As a believer in our constitution, we need less regulation, not
more, to keep our nation truly "the land of the free". Any comments would be gladly received and
considered.
Sincerely,
William Guy Seaman
Oldsmar, Florida
accounts3: I will actually need to transfer you to our client services department one moment please.
8Please wait while I transfer the chat to the best suited site operator.
UYou are now chatting with 'Client Services 20'
Client Services 20: Hello, my name is Tyler. How can I help you?
William Seaman, 52393: Can you tell me the name of the new regulation being considered by the ftc that
will limit leverage to 10:1, and any comments yoou might have abnout this?
Client Services 20: Yes - the proposal is part of the Farm Bill - the portion of it to change the leverage is
titled "leverage in retail forex customer accounts would be subject to a 10-to-1 limitation"
Client Services 20: If you feel strongly about the proposal, we encourage you to help determine the
outcome of these proposed regulations. You can help make an impact by sending comments directly to the
CFTC at: [email protected].
Client Services 20: Please include 'Regulation of Retail Forex' in the subject line of your message and the
identification number RIN 3038-AC61 in the body of the message.
William Seaman, 52393: thanks, I will contact them, as this will put myself and possibly you out of business.
