Comment for Proposed Rule 75 FR 3281
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From:
Rod Huybers
Organization(s):
Comment No:
774
Date:
1/19/2010
Comment Text:
i0-001
COMMENT
CL-00774
From:
Sent:
To:
Subject:
Rod Huybers
Tuesday, January 19, 2010 6:15 PM
secretary
"Regulation of Retail Forex" # RIN 3038-AC61 10:1 margin rule
"Regulation of Retail Forex" identification number RIN 3038-AC61
Restricting margin in retail forex to
10:1
is ridiculous !!. And it seems that the CFTC is just trying to promote
FUTURES at the expense of Forex. Has Futures been limited to a 10:1 margin. I bet it has NOT
and CFTC represents Futures doesn't it? Yes??
Don't limit people, don't over protect them. Education is the key. People need to get educated on leverage
and how to trade. Why doesn't CFTC put out guidelines or produce a course or document that outlines risk of
leverage and develop a trading course to help punters protect their capital, instead of taking their tools away.
This reeks of a self protecting purpose in promoting FUTURES as the expense of Retail FOREX.
Shame on you !
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