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Comment for Proposed Rule 75 FR 3281

  • From: Bernard Foley
    Organization(s):
    Forex Trader

    Comment No: 8876
    Date: 3/22/2010

    Comment Text:

    i0-001
    COMMENT
    CL-08876
    From:
    Sent:
    To:
    Cc:
    Subject:
    Bern Foley
    Monday, March 22, 2010
    2:58 PM
    secretary < secretary@ C FTC. g ov >
    cftcfeed back@ fxd d. corn
    'Regulation of Retail Forex'
    RIN 3038-AC61.
    Changing forex leverage to 10:1 is not beneficial to forex traders, it will reduce the number of
    players and hence reduce liquidity in the markets. This WILL NOT AFFECT THE BIG PLAYERS. it is a
    waste of time and will only weed out retail traders.
    If you want a competative market then this is not the way to go.
    Mr Bernard Foley.
    Forex trader.
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