Regulatory Notice 09-06

FINRA Requests Comment on Proposed Rule to Establish a Leverage Limitation for Retail Forex

Comment Period Expired: February 20, 2009

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.
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: 
DateCommenterFormat - Size
1/28/2009Dean RawlinsPDF - 11.01 KB
1/28/2009Sergio RochaPDF - 39.48 KB
1/29/2009James CrowleyPDF - 15.54 KB
2/5/2009Tom PrimePDF - 10.82 KB
2/5/2009Hpesoj RevolgPDF - 10.62 KB
2/6/2009Steven YoungPDF - 17.47 KB
2/10/2009Aaron W. ColmanPDF - 67.89 KB
2/10/2009Mike RamseyPDF - 55.34 KB
2/10/2009Meryl GetlinePDF - 14.23 KB
2/10/2009Steven BeldenPDF - 17.94 KB
2/10/2009GurkanPDF - 11.69 KB
2/10/2009AbhayPDF - 15.7 KB
2/10/2009Francesca PellotPDF - 10.84 KB
2/10/2009G SlathamPDF - 11.11 KB
2/10/2009Max K. GoffPDF - 14.16 KB
2/10/2009Robert WeisbloomPDF - 15.7 KB
2/10/2009Mike DeckerPDF - 10.59 KB
2/10/2009Jeff LanginPDF - 24.78 KB
2/10/2009Larry WalkerPDF - 7.51 KB
2/10/2009Oscar PenaPDF - 13.9 KB
2/10/2009Bob LannonPDF - 10.78 KB
2/10/2009Derrik WilliamsPDF - 21.45 KB
2/10/2009Ameka AliPDF - 37.14 KB
2/10/2009Alisha RichardsonPDF - 11.37 KB
2/10/2009DavidPDF - 10.74 KB
2/10/2009Eric HurleyPDF - 36.82 KB
2/10/2009Charles WilkesPDF - 10.48 KB
2/10/2009Arlene IsaacsPDF - 17.88 KB
2/10/2009Cary HoepkerPDF - 11.17 KB
2/10/2009John NegusPDF - 10.66 KB
2/10/2009Donald E. PrindlePDF - 37.51 KB
2/10/2009Charles JonesPDF - 12.96 KB
2/10/2009Michael SinclairPDF - 11.8 KB
2/10/2009Elias LeousisPDF - 16.37 KB
2/10/2009Michael SinclairPDF - 16.28 KB
2/10/2009Paul OtloPDF - 11.93 KB
2/10/2009Ed RigneyPDF - 12.04 KB
2/10/2009Thomas O'MoorePDF - 10.76 KB
2/10/2009Tim DallmannPDF - 16.55 KB
2/10/2009VernPDF - 11.77 KB
2/11/2009Lynn R. ParkerPDF - 10.11 KB
2/11/2009Steve GallagherPDF - 14.27 KB
2/11/2009Steve GallagherPDF - 14.8 KB
2/11/2009Russell N. MarshallPDF - 39.37 KB
2/11/2009NickPDF - 11.78 KB
2/11/2009Ray FiglewskiPDF - 18.77 KB
2/12/2009William E. WeaverPDF - 10.5 KB
2/12/2009Blake SalatinoPDF - 10.04 KB
2/12/2009Clifford and Meleese AveryPDF - 22.09 KB
2/12/2009Don FortnerPDF - 43.63 KB
2/12/2009nv46PDF - 11.71 KB
2/13/2009Stephen GrayPDF - 10.86 KB
2/14/2009JimPDF - 10.86 KB
2/14/2009Mary M. JacksonPDF - 10.5 KB
2/14/2009Marc RomeroPDF - 10.73 KB
2/14/2009Marco ZarlengoPDF - 11.6 KB
2/14/2009Keith NewhousePDF - 11.24 KB
2/14/2009ChrisPDF - 11.01 KB
2/15/2009Bill DanielsPDF - 10.63 KB
2/15/2009Max DayPDF - 16.09 KB
2/16/2009Emil NadjakovPDF - 11.37 KB
2/16/2009O. Akhras MD.PDF - 10.89 KB
2/16/2009Robert L. LambertPDF - 10.95 KB
2/17/2009Luke ArthurPDF - 10.9 KB
2/17/2009Daniel DelfinoPDF - 11.06 KB
2/18/2009Michael ThomlinsonPDF - 38.61 KB
2/18/2009Ravi RamlakhanPDF - 15.39 KB
2/18/2009Roberts & Ryan Investments Inc.PDF - 38.27 KB
2/11/2009Norman WaratahPDF - 13.19 KB
2/11/2009Randy OverfieldPDF - 10.69 KB
2/11/2009Norman JacobsPDF - 11.47 KB
2/11/2009Jonathan DoozanPDF - 13.2 KB
2/11/2009Chris MuirPDF - 11.69 KB
2/7/2009Calum AirdPDF - 30.33 KB
2/7/2009Jackal 44PDF - 10.9 KB
2/7/2009Darrick J. UwinsPDF - 11.7 KB
2/7/2009Michael T. FindleyPDF - 16.7 KB
2/7/2009Alan D. KerrPDF - 10.37 KB
2/7/2009Steven YoungPDF - 10.43 KB
2/8/2009Lonnie RichardsonPDF - 10.72 KB
2/8/2009Mike AndrewsPDF - 53.58 KB
2/9/2009David HowellPDF - 11.03 KB
2/18/2009Peter MarshPDF - 10.45 KB
2/19/2009TD AmeritradePDF - 45.58 KB
2/19/2009National Information Solutions CooperativePDF - 20.47 KB
2/19/2009Chenoa JohnstonPDF - 18.02 KB
2/19/2009Evergreen IPDF - 14.24 KB
2/18/2009Tharma RajenthiranPDF - 11.18 KB
2/19/2009Russell RicePDF - 44.96 KB
2/19/2009Ken LeboldPDF - 16.19 KB
2/20/2009thinkorswim, Inc.PDF - 270.81 KB
2/20/2009MGSecuritiesPDF - 454.26 KB
2/20/2009Steven JamesPDF - 40.29 KB
2/20/2009Andrew TischerPDF - 11.86 KB
2/20/2009Knight CapitalPDF - 1.06 MB
2/20/2009Futures Industry AssociationPDF - 26.96 KB
2/20/2009SIFMAPDF - 32.83 KB
2/20/2009Rob QuesenberryPDF - 10.2 KB
2/20/2009Foreign Exchange CommitteePDF - 120.87 KB
2/20/2009Rad NicholsPDF - 11.14 KB
2/21/2009Aaron I. CohenPDF - 44.68 KB
2/21/2009Aaron I. CohenPDF - 37.92 KB
2/22/2009Interactive Brokers LLCPDF - 266.78 KB
3/2/2009Roberts & Ryan Investments Inc.PDF - 35.59 KB
2/5/2009Dave SaboPDF - 10.93 KB
5/12/2009Josh LevyPDF - 14.33 KB
5/12/2009Jonathan ShorePDF - 13.66 KB
5/27/2009TradeStation Securities, Inc.PDF - 108.59 KB
5/30/2009GoodBoyPDF - 15.17 KB