Comment Text:
i0-001
COMMENT
CL-07043
From:
Sent:
To:
Cc:
Subject:
Aman Singh
Friday, March 12, 2010 9:42 PM
secretary
[email protected]
Regulation of Retail Forex
RIN 3038-AC61
Comment:
The government has no business regulating retail fx trading or any business activity for that matter. It is not only
immoral and evil but also unconstitutional. A strict separation of state and economics in much the same as the
separation of state and church was always implied in the US Constitution if not explicit. It takes an enormous
evasion to deny that implication, thus the result is this and other thuggish regulations courtesy Barack Obama,
Rahm Emanuel and their brain brothers in the past.
The US Government would do well to focus its
(&
ultimately the taxpayers') resources sticking to its proper
constitutional function. For a fuller discussion of what that function is, see: 'Capitalism: The Unknown Ideal' by
novelist Ayn Rand. The United States would also do well to demand that Obama justify his authority to be
President, given that he hasn't proved his eligibility for the office and hold him 'accountable' for this lapse.
In Reason & Outrage,
Aman Singh
31, Alward Avenue,
Clayton South,
Victoria,
Australia - 3169.
From:
FXDD.com [mailto:[email protected]]
Sent:
13 March 2010 10:48
To:
[email protected]
Subject:
Voice Your Opinion on the CFTC's Proposed Leveracje Chancje
If you cannot read this
message, please click here
VISIT OUR WEBSlTE
www.fxdd.corn
Dear valued FXDD clients,
iWe
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.i0-001
COMMENT
CL-07043
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-AC61.
You can also submit your comments by any of the following methods (include above ID number):
F ax ~
Courier:
(202)418-5521
David Stawick, Secretary
Commodity Futures Trading Commission
1155 21st Street, N.W., Washington, DC 20581
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 objectinq to the reduction in
leve rage.**
An example of how the proposed regulatory restrictions would affect a major currency pair appears
below:
Maximum Leverage
under
Current
Regulations
Maximum Leverage
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: $10,00010-001
COIMMENT
CL-07043
Learn more about the CFTC's proposed leverage changes and how they may affect your trading by
Slicking 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 loss 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
email is subject to change at any time. Nothing in this email should be construed as a solicitation to trade in the Foreign
Exchange market. If you are considering trading in the Foreign Exchange market before you trade make sure you
understand how the spot market operates, how FXDD is compensated, understand FXDD's trading policy and rules and
be thoroughly familiar with the operation of and the limitations of the platform on which you are going to trade.
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