Comment Text:
i0-001
COMMENT
CL-01130
From:
Sent:
To:
Subject:
Robert McDonald
Wednesday, January 20, 2010
9:08 PM
secretary
To whom it may concern,
I am a retail trader and I am strongly opposed to the 10:1 leverage
proposal by the CFTC. This regulation/requirement will drive many of
the "smaller guys" out of the markets entirely or to offshore (ie
unregulated) brokers. Reducing it to 100:1 was bad enough, any further
reduction is unacceptable.
The liquidity provided by retail traders increase the efficiency of
the markets. Removing them, or unfairly pricing them out of the
markets will result in increased price volatility overall and decrease
the efficiency of the markets which is bad for everyone.
Please reconsider this proposal.
Thank you
Robert McDonald
