Comment Text:
i0-001
COMMENT
CL-01915
From:
Sent:
To:
Subject:
Lee Turek
Thursday, January 21, 2010 3:05 PM
secretary
proposed Regulation of Retail Forex
Re: RIN 3038-AC61
I hope you will rethink proposed Regulation of retail forex that reduces the use of leverage. Reducing leverage for
retail investors and traders will unfairly widen the gap between retail investors / traders and the big institutional
investors/traders. Trading is difficult enough without further reducing opportunity for the common man.
I would suggest that instead of forcing the retail investor to compete at a disadvantage that the CFTC might spend
more time regulating over the counter financial derivatives market and bringing these instruments onto the
exchanges.
Please leave the retail trade as is. People like me can mange our own risk and if we can not we only hurt
ourselves. Left unregulated and undisclosed the OTC financial derivatives markets can again threaten our
economy. In which way is the CFTC's time best spent protecting the common good?
Lee Turek
