Comment Text:
i0-001
COMMENT
CL-01785
From:
Sent:
To:
Subject:
chris hessler
Thursday, January 21, 2010 11:51 AM
secretary
regulation of retail forex
Good day. I am a small retail forex trader who has been trading forex for about 3 years. I understand that their is a proposal to
lower the forex leverage to 10:1. I understand that in the near past highly leveraged commercial accounts were causing the
commodities markets prices to be less representative of the 'true' price of a commodity and more tied to a speculation
however I believe that lowering the margin to 10:1 will only drive out the small retail trader and have no real consequence for
the commercial institutions and if anything will decrease liquidity and make for larger speculative swings in the forex market.
I wish to add my voice to those who oppose such changes to the margin requirement and ask that forex not be included in the
margin changes.
Thank you for your attention to this matter.
