Comment Text:
i0-001
COMMENT
CL-06879
From:
Sent:
To:
Cc:
Subject:
Matthew Swingler
Friday, March 12, 2010 7:03 PM
secretary
[email protected]
Regulation of Retail Forex
Dear Sir
Re: RIN
3038-AC61
I do not see how implementing a rule to limit leverage in retail Forex customer accounts to a 10-to-1 limitation for
Forex traders in the U.S. can benefit business in the US. With the recent introduction of FiFo I know that FXCM
gave all it's US customers the option to move their accounts overseas for which their was a great take up. This
proposed leverage limitation will in my opinion drive more business out of the US.
Yours faithfully,
Josiah Matthew Swingler
85 Graham Street
Swindon
Wiltshire
SN1 2HA
United Kingdom
Tel: +44 (0)1793 327140
E mail: [email protected]
