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Comment for Proposed Rule 75 FR 3281

  • From: Gary Kozluk
    Organization(s):

    Comment No: 8531
    Date: 3/18/2010

    Comment Text:

    i0-001
    COMMENT
    CL-08531
    From:
    Sent:
    To:
    Subject:
    GARY KOZLUK
    Thursday, March 18, 2010 6:50 PM
    secretary
    Regulation of Retail Forex
    I strongly disagree with proposed CFTC changes in regulations concerning leverage available to retail customers
    through retail foreign exchange dealers.(ID# RIN 3038-AC61). The current leverage maximum of 100 to 1 is more
    than adequate to protect traders. If the proposed leverage is changed to 10 to 1 it will encourage me and most
    likely many others to go to foreign dealers where regulations and protection of the retail trader will worsen. I am in
    favor of a $20,000.000 minimum net capital standard for brokers/dealers.
    Gary Kozluk