Comment Text:
i0-001
COMMENT
CL-07878
From:
Sent:
To:
Subject:
Eric Jost
Tuesday, March 16, 2010 1:09 PM
secretary
Regulation of Retail Forex
I wanted to let you know that I oppose changing the margins requirements
on retail forex trading accounts.
This change would create an anti-competitive environment for Forex
brokers in regards to competition with banks not regulated by the CFTC.
In addition, 10:1 leverage would also allow the entire United States
Forex community to be uncompetitive with global competitors. If
enacted, retail traders in the US will just open accounts in London or
elsewhere.
This is in regards to RIN 3038-AC61.
Thanks,
Eric Jost
St. Louis, MO 63122
