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Comment for Proposed Rule 75 FR 3281

  • From: Jean-Claude Mercier
    Organization(s):
    Wells Fargo Foreign Exchange

    Comment No: 7629
    Date: 3/15/2010

    Comment Text:

    i0-001
    COMMENT
    CL-07629
    From:
    Sent:
    To:
    Subject:
    Jean-Claude.Mercier@wellsfargo. com
    Monday, March 15, 2010 12:04 PM
    secretary
    Regulation of Retail Forex
    Dear sir:
    In regards to RIN 3038-AC61, it is my opinion that the proposed regulation to change the leverage
    factor to 10-to-1 will eliminate the Forex trading opportunity for many individuals including
    myself. As a French citizen, I would be inclined to seek Retail FX Trading alternatives outside of
    the United States.
    I respectfully request that the leverage limitation be 100-to-1 instead of the proposed 10-to-1.
    Regards,
    Jean-Claude Mercier, VP
    Training Manager & Subject Matter Expert
    Wells Fargo Foreign Exchange
    -Anytime... Anywhere
    333 Market St 28th FI
    San Francisco, CA 94105
    Tel: 415-371-6682
    MAC A0119-280
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