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Comment for Proposed Rule 75 FR 3281

  • From: Chen Ma
    Organization(s):

    Comment No: 8365
    Date: 3/17/2010

    Comment Text:

    i0-001
    COMMENT
    CL-08365
    From:
    Sent:
    To:
    Subject:
    ~ < [email protected]>
    Wednesday, March 17, 2010 10:56 PM
    secretary < secretary@ C FTC. g ov >
    Regulation of Retail Forex
    RIN 3038-AC61
    Dear Sir,
    I am an active forex trader in China and my dealer is FXCM.
    I was told that the CFTC was going to proposed a regulation on Forex trading and was sad to
    find that the regulation was not in favor of current forex trader.
    I don't like the idea to shrink the leverage to 10:1 which would only make me to change my
    forex dealer to some non-US based one.
    I hope you could withdraw such regulation proposal and think it again.
    Sincerely Yours
    Chen Ma