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Comment for Proposed Rule 75 FR 3281

  • From: Orabi I Abdullah
    Organization(s):

    Comment No: 8340
    Date: 3/17/2010

    Comment Text:

    i0-001
    COMMENT
    CL-08340
    From:
    Sent:
    To:
    Subject:
    orabi abdelhamid
    Wednesday, March 17, 2010 9:29 PM
    secretary
    Regulation of Retail Forex
    RIN 3038-AC61
    hello dear sir/mam
    i heard bout the new regulation for forex and the one that set leaverage to 10 : 1 and i really like it but the
    problem this may stop major portion of traders from trading as forex for a lot is the legal and resanobile
    way to gamble so it carries a lot of emotions for traders and i think this step may reduce revenue and
    number oftradrs ,i think it is better to make it as an option as many companies dont offer 10:1 leaverage
    as option so making it a must option offered by companies will be very good
    my regards
    Orabi Ibrahim Abdullah