Comment for Proposed Rule 75 FR 3281
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From:
Brad Zorb
Organization(s):
Comment No:
687
Date:
1/19/2010
Comment Text:
i0-001
COMMENT
CL-00687
From:
Sent:
To:
Subject:
Brad Zorb
Tuesday, January 19, 2010 3:53 PM
secretary
Regulation of Retail Forex
To whom it may concern:
I would like to voice my opposition to the proposed regulation limiting US firms to offering their
customers 10:1 leverage. I do not think this will protect the consumer, it actually will hurt the
consumer. First it will drive money overseas from customers seeking higher leverage, hurting the
revenues of US firms while benefiting foreign firms. Second, it will further endanger the US consumer
who chooses to open an account at an overseas firm that is not as safe of a custodian as a US firm.
Sincerely,
Brad Zorb
