Unite to Oppose CFTC Proposed 10:1 Leverage Cap

Published on Friday March 5th, 2010 at 01:32PM by MomentofPower

The U.S. Commodity Futures Trading Commission (CFTC) recently proposed broad regulatory changes that include reducing the current leverage available to forex traders from 100:1 to 10:1.So far, over 7,000 traders have expressed their strong opposition to the proposed leverage change. Let's make it 7 million.Your opinion matters. The time to act is now! The close for comments is Monday, March 22, 2010. Simply email your comments directly to the CFTC at: secretary@cftc.gov and include 'Regulation of Retail Forex' in the subject line of your message. You can also submit your comments by any of the following methods: Fax: (202) 418-5521HOW WOULD THE PROPOSED CHANGE AFFECT YOU? Max leverage under current regulations:USD/JPY100:1 leverage (one percent1 lot (100,000)Margin requirement: $1,000Maximum leverage under proposed changes: USD/JPY10:1 leverage (one percent1 lot (10,000)Margin requirement: $1,000Margin requirement: $10,000It's not too late for you to voice your concerns and make a difference. Mail: David Stawick, Secretary Commodity Futures Trading Commission 1155 21st Street, N.W., Washington, DC 20581Courier: Use the same as mail above.
  • 3 comments
  • Go to MomentofPower's profile

    On Friday March 5th, 2010 at 01:35PM by MomentofPower -

    To spread the word quickly, please feel free to copy this message and paste it on as many websites as possible. Time is running out.
  • Go to yanglinlin's profile

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    On Tuesday May 15th, 2012 at 08:44PM by yanglinlin -





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