Regulatory Notice 09-06

FINRA Requests Comment on Proposed Rule to Establish a Leverage Limitation for Retail Forex; Comment Period Expired: 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.

 

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The views, expressions, findings and opinions expressed in the comments on this Web page are solely those of the author(s) and FINRA accepts no responsibility for the content of the comments.


Comments By Date Received
Sergio Rocha (PDF 40 KB) 1/28/2009
Dean Rawlins (PDF 12 KB) 1/28/2009
James Crowley (PDF 16 KB) 1/29/2009
Dave Sabo (PDF 11 KB) 2/5/2009
Tom Prime (PDF 11 KB) 2/5/2009
Hpesoj Revolg (PDF 11 KB) 2/5/2009
Steven Young (PDF 18 KB) 2/6/2009
Steven Young (PDF 11 KB) 2/7/2009
Michael T. Findley (PDF 15 KB) 2/7/2009
Alan D. Kerr (PDF 11 KB) 2/7/2009
Darrick J. Uwins (PDF 11 KB) 2/7/2009
Calum Aird (PDF 30 KB) 2/7/2009
Jackal 44 (PDF 10 KB) 2/7/2009
Lonnie Richardson (PDF 11 KB) 2/8/2009
Mike Andrews (PDF 54 KB) 2/8/2009
David Howell (PDF 12 KB) 2/9/2009
Alisha Richardson (PDF 12 KB) 2/10/2009
Jeff Langin (PDF 25 KB) 2/10/2009
Larry Walker (PDF 8 KB) 2/10/2009
Derrik Williams (PDF 22 KB) 2/10/2009
Oscar Pena (PDF 14 KB) 2/10/2009
Elias Leousis (PDF 17 KB) 2/10/2009
Ed Rigney (PDF 13 KB) 2/10/2009
Max K. Goff (PDF 15 KB) 2/10/2009
David (PDF 11 KB) 2/10/2009
Gurkan (PDF 12 KB) 2/10/2009
Ameka Ali (PDF 38 KB) 2/10/2009
Vern (PDF 12 KB) 2/10/2009
Cary Hoepker (PDF 12 KB) 2/10/2009
Steven Belden (PDF 18 KB) 2/10/2009
Mike Ramsey (PDF 56 KB) 2/10/2009
Charles Wilkes (PDF 11 KB) 2/10/2009
Mike Decker (PDF 11 KB) 2/10/2009
Michael Sinclair (PDF 17 KB) 2/10/2009
Charles Jones (PDF 13 KB) 2/10/2009
Francesca Pellot (PDF 11 KB) 2/10/2009
G Slatham (PDF 12 KB) 2/10/2009
Eric Hurley (PDF 37 KB) 2/10/2009
Abhay (PDF 16 KB) 2/10/2009
Arlene Isaacs (PDF 18 KB) 2/10/2009
John Negus (PDF 11 KB) 2/10/2009
Tim Dallmann (PDF 17 KB) 2/10/2009
Michael Sinclair (PDF 12 KB) 2/10/2009
Robert Weisbloom (PDF 16 KB) 2/10/2009
Thomas O'Moore (PDF 11 KB) 2/10/2009
Paul Otlo (PDF 12 KB) 2/10/2009
Meryl Getline (PDF 15 KB) 2/10/2009
Aaron W. Colman (PDF 68 KB) 2/10/2009
Donald E. Prindle (PDF 38 KB) 2/10/2009
Bob Lannon (PDF 11 KB) 2/10/2009
Jonathan Doozan (PDF 14 KB) 2/11/2009
Steve Gallagher (PDF 51 KB) 2/11/2009
Steve Gallagher (PDF 51 KB) 2/11/2009
Norman Jacobs (PDF 12 KB) 2/11/2009
Nick (PDF 12 KB) 2/11/2009
Ray Figlewski (PDF 19 KB) 2/11/2009
Chris Muir (PDF 12 KB) 2/11/2009
Norman Waratah (PDF 14 KB) 2/11/2009
Russell N. Marshall (PDF 40 KB) 2/11/2009
Lynn R. Parker (PDF 11 KB) 2/11/2009
Randy Overfield (PDF 11 KB) 2/11/2009
Blake Salatino (PDF 10 KB) 2/12/2009
Clifford and Meleese Avery (PDF 22 KB) 2/12/2009
Don Fortner (PDF 43 KB) 2/12/2009
William E. Weaver (PDF 10 KB) 2/12/2009
nv46 (PDF 11 KB) 2/12/2009
Stephen Gray (PDF 10 KB) 2/13/2009
Marc Romero (PDF 10 KB) 2/14/2009
Marco Zarlengo (PDF 11 KB) 2/14/2009
Mary M. Jackson (PDF 10 KB) 2/14/2009
Chris (PDF 11 KB) 2/14/2009
Keith Newhouse (PDF 11 KB) 2/14/2009
Jim (PDF 10 KB) 2/14/2009
Bill Daniels (PDF 10 KB) 2/15/2009
Max Day (PDF 16 KB) 2/15/2009
Robert L. Lambert (PDF 10 KB) 2/16/2009
O. Akhras MD. (PDF 10 KB) 2/16/2009
Emil Nadjakov (PDF 11 KB) 2/16/2009
Daniel Delfino (PDF 11 KB) 2/17/2009
Luke Arthur (PDF 10 KB) 2/17/2009
Roberts & Ryan Investments Inc. (PDF 38 KB) 2/18/2009
Peter Marsh (PDF 11 KB) 2/18/2009
Michael Thomlinson (PDF 38 KB) 2/18/2009
Tharma Rajenthiran (PDF 12 KB) 2/18/2009
Ravi Ramlakhan (PDF 15 KB) 2/18/2009
TD Ameritrade (PDF 46 KB) 2/19/2009
National Information Solutions Cooperative (PDF 21 KB) 2/19/2009
Evergreen I (PDF 15 KB) 2/19/2009
Chenoa Johnston (PDF 19 KB) 2/19/2009
Russell Rice (PDF 45 KB) 2/19/2009
Ken Lebold (PDF 17 KB) 2/19/2009
Steven James (PDF 41 KB) 2/20/2009
Knight Capital (PDF 1,087 KB) 2/20/2009
SIFMA (PDF 33 KB) 2/20/2009
Andrew Tischer (PDF 12 KB) 2/20/2009
Foreign Exchange Committee (PDF 121 KB) 2/20/2009
Futures Industry Association (PDF 27 KB) 2/20/2009
Rad Nichols (PDF 12 KB) 2/20/2009
Rob Quesenberry (PDF 11 KB) 2/20/2009
MGSecurities (PDF 455 KB) 2/20/2009
thinkorswim, Inc. (PDF 271 KB) 2/20/2009
Aaron I. Cohen (PDF 42 KB) 2/21/2009
Aaron I. Cohen (PDF 38 KB) 2/21/2009
Interactive Brokers LLC (PDF 267 KB) 2/22/2009
Roberts & Ryan Investments Inc. (PDF 36 KB) 3/2/2009
Josh Levy (PDF 18 KB) 5/12/2009
Jonathan Shore (PDF 14 KB) 5/12/2009
TradeStation Securities, Inc. (PDF 109 KB) 5/27/2009
GoodBoy (PDF 16 KB) 5/30/2009