Comment for Proposed Rule 75 FR 3281
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From:
Kevin Spreier
Organization(s):
Comment No:
8667
Date:
3/20/2010
Comment Text:
i0-001
COMMENT
CL-08667
From:
Sent:
To:
Subject:
[email protected] on behalf of
Kevin Spreier
Saturday, March 20, 2010 5:04 AM
secretary
Regulation of Retail Forex
Mr. Secretary,
I am an experienced retail Forex trader, and I am writing in regards to RIN 3038-AC61.
I am opposed to your proposed margin requirement of 10% for all currencies. Please leave it at 1%; that is strict
enough!!!
The proposed requirement severely restricts my earning potential with trading Forex and unfairly gives overseas
brokers a huge advantage over US brokers. I like the broker I have now (Interbank FX) and I don't want to change.
I fully understand the risks associated with using highly leveraged trades.
I will continue to trade Forex. It's up to you whether or not I use a US broker.
Kevin Spreier
Twin Falls, ID
