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[pauli]

Dear wcci members & guest,

I like to bring the following to your attention.

It is about a New CFTC FX Rule - in the making.

This might heavily concern your further FX trading.

(I cleaned out the corporate stuff to avoid unnecessary advertisement )

regards,
pauli

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Von: Dustin Pass
Datum: 19. Januar 2010 18:52:05 MEZ
An:
Betreff: CFTC Proposes Oppressive Forex rule - Take Action!

Dear ,

As you may or may not be aware off, at the end of last week the CFTC released a proposed rule that would affect your Retail Forex Broker and your trading ability.

The CFTC proposal, made public on Thursday, came out with a big headline rule as a leverage restriction across the board to 10 to 1 leverage.  This is a rule proposal not law yet but if it become law, your leverage will go from 100:1 or better DOWN to 10:1. This means you would now need $1000 to trade one mini lot or $10,000 to trade one standard lot. 



I can not find better words to describe my position on all this than those of Andrei Pehar, Chief Currency Strategist at xxxxxx



Andrei says: "I am not opposed to regulation nor regulatory agencies. But that regulation needs to be fair, transparent, and open to public input. Otherwise it becomes corrupt and self-serving. Sure high leverage can get you into trouble if used thoughtlessly. Sure hedging when not done properly turns one loss into two. But I believe the cure is EDUCATION, not restricting what people can and cannot do with their investment decisions. Guide, don't dominate - government was invented to protect people and their property, not to limit their potential."



TAKE ACTION!



We at xxxxxxx.com STRONGLY disagree with the CFTC proposal. If you disagree as well, you may submit your comments to secretary@cftc.gov. Make your trading voice heard on this matter!
Include "Regulation of Retail Forex" in the subject line of the message and the identification number RIN 3038-AC61 in the body of the message.

Also, with the identification number RIN 3038-AC61, you can submit your comments by any of the following methods:

• Fax: (202) 418-5521.
• Mail: Send to David Stawick, Secretary, Commodity Futures Trading Commission, 1155 21st Street, N.W., Washington, DC 20581.
• Courier: Same as Mail above.

All comments received will be posted without change to nonewww.cftc.gov , including any personal information provided.

Please, help us to spread the word!

I think this is a very important matter that affects us all and that we should try our hardest to ensure that things will be done for the best of the trading community.

Thanks for your help!
Dedicated to Your Trading Success,

[pauli]

the same topic is now also in SFOmag:

nonewww.sfomag.com/Login.aspx?ReturnUrl=%2feSFO%2fDefault.aspx