Comment Text:
i0-001
COMMENT
CL-07734
From:
Sent:
To:
Cc:
Subject:
Patricia Clark
Monday, March 15, 2010 10:05 PM
secretary
[email protected]
Regulation of Retail Forex
RIN 3038-AC61
From: Patricia Clark in Pflugerville, Texas
10:1 will cut my current earnings in half because the margin amounts needed to trade larger lots will be bigger. 50:1 is a
better fit for FX currencies given how little the price value moves compared with other commodities that are traded. If you
guys do the damage and limit u.s. TRADERS TO 10:1, THERE WILL BE AN OUTFLOW OF AMERICIAN
INVESTMENT BUSINESS TO NON u.s. BROKERS AND NON u.s. IB's. Is that your regulatory goal?
Patricia Clark
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