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Comment for Proposed Rule 75 FR 3281

  • From: Bryan Heath
    Organization(s):

    Comment No: 746
    Date: 1/19/2010

    Comment Text:

    i0-001
    COMMENT
    CL-00746
    From:
    Sent:
    To:
    Subject:
    Bryan Heath
    Tuesday, January 19, 2010 5:18 PM
    secretary
    Retial Forex regulation
    I am writing to strongly disagree with the proposed 10 to 1 leverage proposal. This will be
    extremely damaging to the retail forex industry and will handicap retail traders who wish to
    enter the forex market.
    If the margin requirements are reduced to 10 to 1 the result will be a move by most retail
    investors to accounts outside the United States.
    I do, however, support your other proposals to regulate the forex industry.
    Sincerely,
    Bryan Heath
    818 209-6467