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You are equally humorous Whipsaw. Since you still haven't figured out that this new rule will require firms to raise their capital requirement to a minimum of $5 million I print this again 
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Well, I hate to disapoint you, but I was aware of that.. I didnt realise you mean't that I was wrong to suggest that a multiple was the only safeguard neccessary. Well I'm happy to admit I was wrong to suggest that in the first place, and that infact the higher the net capital requirement the better really. Although rather than further increases above the $5m I think it would probably be better for the NFA to reduce the leverage in Section 12(a) to say 50x or less, and increase the multiple in Section 12(b) to 3 or 4x. GFT appears to manage those levels quite easily, and think this would increase the safeguards and protect our money further.
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Originally Posted by forex scholar
Good for the board. It is important these safe guards be in place. But guess what? This will only serve to further squeeze the little firms which goes to prove my point even more: that this new capital requirement rule makes it very hard for poorly capitalized firms to operate.
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Well, finally something we agree on
Lets, hope that the requirement is index linked as well
Good Trading to you,