Comment Text:
i0-001
COMMENT
CL-01510
From:
Sent:
To:
Subject:
Attach:
John Glennie
Thursday, January 21, 2010 3:18 AM
secretary
Proposesd change in Leaverage for Retailer forx Traders
John Glennie.vcf
Dear Sirs
Re
As many of you are aware, the U.S. Commodity Futures Trading Commission (CFTC) announced on
January 13, 2010 that it is seeking public comment on proposed regulations concerning retail Forex
trading. As part of the proposed regulations, it is stated: "leverage in retail forex customer accounts
would be subject to a 10-to-1 limitation," which means 10:1 leverage would be the maximum amount
allowed for all Forex traders in the U.S.
Although I do not live in the USA I have the following opinion for your consideration
This type of meddling in a free market can only hurt the business reducing both the income, employment and
tax collection
Many thousand of people will loose their income should your changes be implemented.
There are so many examples of over regulation having a negative outcome on economic output and growth
I strongly urge you to allow the purchaser to measure and determine the risk return ratios that they are willing
to take
Kind regards
John Glennie
Information from ESET NOD32 Antivirus, version of virus signature database
4791
(20100120)
The message was checked by ESET NOD32 Antivirus.
http://www.eset.comBEGIN:VCARD
VERSION:2.1
X-MS-SIGNATURE:YES
N:Glennie;John
FN:John Glennie
ORG:Ou Kaapse Properties / MiiKii Group
TITLE:Director
TEL;CELL;VOICE:+2782 8061151
ADR;WORK;PREF;ENCODING=QUOTED-PRINTABLE:;;Postnet Suite #135=0D=0A=
Private Bag X26=0D=0A=
Tokai, 7966;Cape Town;;;South Africa
LABEL;WORK;PREF;ENCODING=QUOTED-PRINTABLE:Postnet Suite #135=0D=0A=
Private Bag X26=0D=0A=
Tokai, 7966=0D=0A=
Cape Town=0D=0A=
South Africa
X-MS-OL-DEFAU LT-POSTAL-ADDRESS:2
EMAIL;PREF;INTERNET:[email protected]
X-MS-OL-DESIGN;CHARSET=utf-8:xmlns="http:llschemas.microsoft.comlofficeloutlookll
2/electronicbusinesscards" ver="1.0"
layout="left" bgcolor="ffffff">![]()
xmlns= .... prop="name" align="left" dir="ltr" style="b" color="000000" size="10"/>prop="org" align="left" dir="ltr" color="000000" size="8"/>dir="ltr" color="000000" size="8"/>prop="telcell" align="left" dir="ltr" color="000000" size="8">color="626262">Mobilecolor="000000" size="8"/>size="8"/>xmlns= .... prop="blank" size="8"/>prop="blank" size="8"/>size="8"/>xmlns= .... prop="blank" size="8"/>
R EV:20090810T155519Z
END:VCARD
