StockFetcher Forums · General Discussion · BIG BROTHER WANTS TO REDUCE FOREX LEVERAGE<< >>Post Follow-up
TheRumpledOne
6,359 posts
msg #71190
Ignore TheRumpledOne
2/5/2009 12:08:03 AM

BIG BROTHER WANTS TO REDUCE FOREX LEVERAGE

Retail Forex
FINRA Requests Comment on Proposed Rule to
Establish a Leverage Limitation for Retail Forex
Comment Period Expires: February 20, 2009

Executive Summary
FINRA is requesting comment on a proposed rule prohibiting any member firm from permitting a customer to: (1) initiate any forex position with a leverage ratio of greater than 1.5 to 1; and (2) withdraw money from an open forex position that would cause the leverage ratio for such position to be greater than 1.5 to 1.

The text of proposed FINRA Rule 2380 (Leverage Limitation for Retail Forex) is set forth in Attachment A.

Questions concerning this Notice should be directed to:

 Gary Goldsholle, Vice President and Associate General Counsel,
Office of General Counsel (OGC), at (202) 728-8104; or
 Matthew E. Vitek, Counsel, OGC, at (202) 728-8156.

Action Requested

FINRA encourages all interested parties to comment on the proposal.
Comments must be received by February 20, 2009.


Email comments to pubcom@finra.org

========================================

EVERYONE MUST SEND AN EMAIL AND TELL BIG BROTHER TO BUTT OUT!!

Eman93
4,659 posts
msg #71233
Ignore Eman93
2/6/2009 8:51:46 AM

Whats the typical leverage for a day trader?

chetron
2,817 posts
msg #71234
Ignore chetron
2/6/2009 8:52:30 AM

10:1?

TheRumpledOne
6,359 posts
msg #71244
Ignore TheRumpledOne
2/6/2009 1:40:29 PM

Usually 100 to 1.

Some firms offer up to 400 to 1.



StockFetcher Forums · General Discussion · BIG BROTHER WANTS TO REDUCE FOREX LEVERAGE<< >>Post Follow-up

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