Comment Text:
i0-001
COMMENT
CL-08697
From:
Sent:
To:
Cc:
Subject:
Tyre C Hollander
Saturday, March 20, 2010 2:37 PM
secretary
[email protected]
Regulation of Retail Forex
RIN 3038-AC61
From: Tyre C Hollander in Camano Island, WA
1. Revise the proposed rules to permit a Forex IB to operate either as an independent IB subject to the same
minimum capital requirements that apply to a futures IB or as a guaranteed IB.
2. Undertake a study of the retail Forex markets to assure that the rules it ultimately adopts are based on a solid
factual understanding of the markets and are tailored accordingly.
3. Defer to NFA to set appropriate leverage restrictions as it relates to the proposed 10:1 leverage. An onerous
leverage restriction, such as this, creates opportunities for unregistered fraudulent schemes to exploit U.S.
customers is contrary to the public interest.
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