Font Size: AAA // Print // Bookmark

Comment for Proposed Rule 75 FR 3281

  • From: Wan Y Lin
    Organization(s):

    Comment No: 7821
    Date: 3/16/2010

    Comment Text:

    i0-001
    COMMENT
    CL-07821
    From:
    Sent:
    To:
    Cc:
    Subject:
    Wan Yoke Lin
    Tuesday, March 16, 2010 11:54 AM
    secretary
    [email protected]
    'Regulation of Retail Forex' RIN 3038-AC61.
    To: [email protected]
    Hi there,
    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.
    I think that the forex tarding industry will be
    ieopordised seriously after the application on this new regulation due
    to the 10 times burden on the capital investment and disattractive
    return as well. Nothing will help to the growth up to the forex trading industry as well. Thank you.
    yl