Comment Text:
i0-001
COMMENT
CL-07998
From:
Sent:
To:
Cc:
Subject:
Hernan Urtubey
Tuesday, March 16, 2010 4:38 PM
secretary
[email protected]
Regulation of Retail Forex
RIN3038-AC61
To whom it may concern,
A full-size contract in EURUSD will require USD 13,760???? HOw are you supposed to stay in
business??
I think it's barbaric and unfair, but I need to remain in business whether is dealing with a US based forex
broker or one in another country. With the new proposed leverage regulation, traders -myself included-
will simply migrate their trading accounts elsewhere where the CFTC has no jurisdiction.
If this absurd regulation is approved, God bless the American online brokers, because they will out of
business in no time at all.
Cordially
Hernan Urtubey
Vancouver, BC
