Comment Text:
i0-001
COMMENT
CL-01528
From:
Sent:
To:
Subject:
fred kishinevski
Thursday, January 21, 2010 3:53 AM
secretary
Regulation of Retail Forex
Dear CFTC Committee,
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.
The fiquidity 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 volatifity overall and decrease the
efficiency of the markets which is bad for everyone.
Please reconsider this proposal.
Thank you
Fred
