Comment for Proposed Rule 75 FR 3281
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From:
Raymond Munro
Organization(s):
Comment No:
886
Date:
1/20/2010
Comment Text:
i0-001
COMMENT
CL-00886
From:
Sent:
To:
Subject:
Raymond Munro
Wednesday, January 20, 2010 12:06 AM
secretary
Regulation of Retail Forex
All of us who trade FOREX welcome well overdue, proper & diligent regulation.
On the issue of Leverage, let us express our dismay at any prospect of less than 25:1.
The FX market is many multiples more liquid than Currency Futures and it therefore
warrants more than that.
If you implement anything less the US FX industry will wither to nothing whilst all the
business -
as well as our custom
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will miqrate offshore !
