Comment Text:
i0-001
COMMENT
CL-06963
From:
Sent:
To:
Cc:
Subject:
[email protected]
Friday, March 12, 2010 8:05 PM
secretary
[email protected]
Fwd: Voice Your Opinion on the CFTC's Proposed Leverage Change
The change in the margin requirements are just because that SOB that is president of what formerly, known as
the United States of Americ!! He doesn't want anyone to make money, he wants this to become a socialized
government.
THIS SOB DOES WHAT HE DARN WELL PLEASES, so what "We the People" want, means nothing.
Before you completely destroy the US markets STOP!
Screw the USA, trades will be made from foreign accounts and that will reduce income to the USA, even more.
OBAMA SUCKS AND THIS IDEA SUCKS!!!
Why doesn't the SOB go back to being a community organizer with his friends from ACORN!
..... Original Message .....
From: FXDD.com
To:
[email protected]
Sent: Fri, Mar 12, 2010 5:31 pm
Subject: Voice Your Opinion on the CFTC's Proposed Leverage Change
If you cannot read this message, please click here
VISIT OUR WEBSITE
www.fxdd.com
Dear valued FXDD clients,
We wanted you to be aware that The U.S. Commodity Futures Trading Commission (CFTC) is
seeking public comment on proposed regulations concerning retail Forex trading.
PLEASE NOTE: FXDD Malta customers will not be affected by these proposed changes, but are
still encouraged to voice your opinions.
According to the CFTC, "leverage in retail Forex customer accounts would be subject to a
10-to-1 limitation," which means 10:1 leverage would be the maximum amount allowed for
Forex traders in the U.S.
VOICE YOUR OPINION NOW
Should you feel strongly about the proposal, there is still time for you to help determine the
outcome. The deadline for public comment is March 22, 2010. Make your opinion heard by
sending comments directly to the CFTC at: [email protected]
(please CC:
[email protected])
Please include 'Regulation of Retail Forex' in the subject line of your message and the following
identification number in the body of the message: RIN 3038-A061.
You can also submit your comments by any of the following methods (include above ID number):i0-001
COMMENT
CL-06963
Fax:
(202)418-5521
Mail:
David Stawick, Secretary
Commodity Futures Trading
Commission
1155 21st
Street, N.W., Washington,
DC 20581
Courier: Use the same address as mail above.
**All
of your
comments,
no matter how
short,
will have an
impact
on the outcome of the
proposed rule change
so do not hesitate to send a brief email
objecting
to the reduction in
levera~le.**
An
example
of how the
proposed regulatory
restrictions would affect a
major currency pair
appears below:
Maximum Leverage
Maximum Leverage
under
Current
Regulations
under
Proposed
Regulations
USD/JPY
USD/JPY
1 lot (100,000)
1 lot (100,000)
100:1 leverage (one percent)
10:1 leverage (10 percent)
Margin requirement: $1,000
Margin requirement: $10,000
Learn more about the CFTC's proposed leverage changes and how they may affect your trading
by clicking here.
In the meantime, we encourage you to voice your opinions to the CFTC and
your local U.S. representative.
Best Regards,
FXDD
Team
DISCLAIMER: Trading in the Foreign ExChange market involves a significant and substantial risk Of i0ss and may not be
suitable for everyone. You should carefully consider whether trading is suitable for you in light of your age, income,
personal circumstances, trading knowledge, and financial resources. Only true discretionary income should be used for
trading in the Foreign Exchange market. Any opinion, market analysis or other information of any kind contained in this
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