FIA Opposes FINRA’s Proposed Leverage Limitation for Retail Forex

Here is the txt of the letter of the Futures Industry Association which opposes to the leverage reduction proposed by FINRA. http://www.futuresindustry.org/downl...%20_Final_.pdf

Excellent.

All other comments can be seen here:
http://www.finra.org/Industry/Regula...s/2009/P117744

My own is listed there as well.

I have read couple of funny comments in there.... However couldn't find anyone to agree this proposal.... maybe we are going too far now....

Laff. Yea, pretty much everyone disagreed with it. And for good reason, too, as it would be detrimental to the industry. That's what happens when you put bureaucrats in charge of a business they don't understand. They become ruled by petty emotion rather than clear logic.