Regulation
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.
| View Full Notice | PDF 84 KB |
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 |
| Calum Aird (PDF 30 KB) | 2/7/2009 |
| Jackal 44 (PDF 10 KB) | 2/7/2009 |
| 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 |
| Lonnie Richardson (PDF 11 KB) | 2/8/2009 |
| Mike Andrews (PDF 54 KB) | 2/8/2009 |
| David Howell (PDF 12 KB) | 2/9/2009 |
| Aaron W. Colman (PDF 68 KB) | 2/10/2009 |
| Bob Lannon (PDF 11 KB) | 2/10/2009 |
| 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 |
| Donald E. Prindle (PDF 38 KB) | 2/10/2009 |
| Randy Overfield (PDF 11 KB) | 2/11/2009 |
| 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 |
| 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 |
| thinkorswim, Inc. (PDF 271 KB) | 2/20/2009 |
| 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 |
| Aaron I. Cohen (PDF 38 KB) | 2/21/2009 |
| Aaron I. Cohen (PDF 42 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 |