Font Size: AAA // Print // Bookmark

Comment for Proposed Rule 75 FR 3281

  • From: Dennis Morrison
    Organization(s):
    Gemini Capital Corp

    Comment No: 6868
    Date: 3/12/2010

    Comment Text:

    i0-001
    COMMENT
    CL-06868
    From:
    Sent:
    To:
    Cc:
    Subject:
    Dennis Morrison
    Friday, March 12, 2010 6:53 PM
    secretary
    [email protected]
    Re 10:1 max Leverage.
    To Whom It May Concern:
    Regarding the recent notice of reducing the retail leverage amount available to retail Forex traders to 10:1. This
    will effectively eliminate the retail Forex trader completely.
    I also believe this would have a catastrophic negative impact on the Brokers providing this service. If the purpose
    of this change is to drive all retail Forex out of the U.S. and bankrupt the brokers then this is exactly how to
    accomplish that end.
    Dennis Morrison CFP
    Gemini Capital Corp.
    #332 340
    3rd
    Street West
    North Vancouver BC
    V7M 1G4
    [email protected]
    604-837-2962