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Comment for Proposed Rule 75 FR 3281

  • From: Tim Jebara
    Organization(s):

    Comment No: 1817
    Date: 1/21/2010

    Comment Text:

    i0-001
    COMMENT
    CL-01817
    From:
    Sent:
    To:
    Subject:
    Tim Jebara
    Thursday, January 21, 2010 12:43 PM
    secretary
    Regulation of Retail Forex
    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.
    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,
    Tim Jebara