What ever happened to the proposal to reduce leverage in US

noushina · Post by **noushina** » Mon Jun 21, 2010 6:32 pm

What ever happened to the proposal to reduce leverage in US to 10/1?

There was a big fuss. And all the brokers asked us to write letters. And it was the big news on all the forums. Now I've heard nothing for months.

Anyone know if the proposed regulation is still pending?

Curious because I've been thinking to change brokers and move out of the US, especially now that Dukascopy is a bank.

Thanks

bredin · Post by **bredin** » Tue Jun 22, 2010 12:05 am

I understood that the fuss was made before the public discussion phase was over and now the proposal is with some committee or other....

G.

Post by **MightyOne** » Tue Jun 22, 2010 2:53 am

Hopefully they shoved it up their ass :idea:

aliassmith · Post by **aliassmith** » Tue Jun 22, 2010 1:28 pm

MightyOne wrote:Hopefully they shoved it up their ass

Way up there!

clockwork71 · Post by **clockwork71** » Tue Jul 27, 2010 4:46 am

The proposal is stuck in committee, and being tweaked. I can assure you it will somehow be worse than we thought. It appears that the government is wanting public input as well as I understand it.