Comment Text:
i0-001
COMMENT
CL-02410
From:
Sent:
To:
Subject:
Frank ebersold
Friday, January 22, 2010 1:28 AM
secretary
Regulation Of Retail Forex
Hello-
As a retail trader of Forex with MB Trading, I have read through the proposed changes that the CFTC
desire to make regarding retail forex brokers and I agree in essence with what you are trying to do with
the exception of the margin changes (from 100:1 to 10:1).
I currently trade with portfolio risk no greater that 3%-5% of my portfolio and as such, this new
requirement would present an unnecessary hardship to continue trading and reasonably managing risk as
I currently do. Under the proposed changes, I would have to deposit significantly more sums to simply
maintain my current trading size whilst maintaining 3%-5% portfolio risk.
Although I can understand your intent may be to limit traders who 'over reach' trading with their account
size, this new regulation would unfairly punish those of us who trade reasonably and with conservative
portfolio risk. Please do not change the margins for retail forex.
Thanks-
Frank Ebersold
371 Diagonal St.
Lansing, IA 52151
