Comment Text:
i0-001
COMMENT
CL-02030
From:
Sent:
To:
Subject:
Kevin Bryant
Thursday, January 21, 2010 5:39 PM
secretary
Regulation of Retail Forex
To CTFC:
I am an account holder at MB Trading Futures, and I trade the Forex market for personal gain. MB Trading
recommended that I write the CTFC in regards to the reduction of Forex leverage from 100:1 to 10:1.
While I'm fine with having more regulation of the market, it would be devastating to me and others like me to have
to essentially have to take a 90% reduction in profits from Forex trading due to the reduced leverage. This will
more then likely move liquidity away from the Forex market, as well has have Forex traders move funds over seas
in order to retain the 100:1 leverage.
The Forex market is a huge opportunity for individual investors to grow there portfolio quickly, and the reduced
leverage would essentially eliminate that opportunity.
Thank you,
Kevin Bryant
San Mateo, CA
