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I received a Facebook message from Richard Concepcion a trading friend of mine living on the East Coast, and I know many US-based retail traders are like Richard in being materially opposed to the following proposed regulation. Regulators are saying this is in the BEST interests of traders, and traders are saying this is NOT in best interest of traders. One thing to be sure of is that changes by the NFA/CFTC to date has helped to push retail Forex business overseas. Not what America needs for its economy now – to be sure. From a grassroots level, traders like Richard are vigorously spreading the word to traders to get involved and voice their concern and opposition. What Richard sent is the following – thanks for this Richard, and I would encourage traders to educate themselves and make their voices heard one way or another in this debate. —– Sam - I’m sure you are already aware of this. I sent this email out to the Secretary of the CFTC urging them to reconsider the proposed reduction of leverage margin for forex from 100:1 to 10:1. Lets get the word out to stop this nonsense! ******************** To: secretary@cftc.gov RE: RIN 3038-AC61 Mr. Stawick (Secretary of the CFTC) This email is regarding the above proposal, in particular, the overall reduction leverage on Retail Forex customers from 100:1 to 10:1 as stated on the section below from RIN 3038-AC61: "The Proposal would also implement the $20 million minimum net capital standard established in the CRA for registering as an RFED or offering retail forex transactions as an FCM; propose an additional volume-based minimum capital threshold calculated on the amount an FCMor RFED owes as counterparty to retail forex transactions; and require RFEDs or FCMs engaging in retail forex transactions to collect security deposits in a minimum amount in order to prudentially limit the leverage available to their retail customers on such transactions at 10 to 1" While we understand your concern in protecting the retail investor, investors in general are for the most part MORE PRAGMANTIC than what you, and the governing bodies, think. !!WE TRADE FOR A LIVING!! It is a craft painfully and rigorously honed for many years. You stifle this hard-earned skill by even hinting of such a regulation. It conjures up the worst scenario of taking away the retail forex business from the US, and moving it overseas. You will only hurt what already is an economy struggling and sputtering … with no near-term relief in sight. We appeal to your common-sense business savvy, and urge you to reconsider this proposal. We the retail investors CAN TAKE CARE OF OURSELVES, AND WE GO INTO THIS KNOWING FULLY WELL THE RISKS INVOLVED. A copy of this email will be sent to our local Congressman and Senator. Thank you for your time. Your Name Retail InvestorRegulation of Retail Forex (RE: RIN 3038-AC61) PASS IT ON! is a post from the TradingMetro blog, PipStop. Get a blog like this for free by joining our trading community today. TradingMetro is the first online trading marketplace for self-directed traders.