Comment Text:
i0-001
COMMENT
CL-02479
From:
Sent:
To:
Subject:
Bar~ EL:~$
Friday, January 22, 2010 6:57 AM
secretary < secretary@ CFTC. g ov >
Regulation of Retail Forex
Dear Sirs,
I have learnt CFTC's proposal about lowering the leverage for reatil forex accounts from 1:100 to
1:10. I believe, this will not be in favor of small investors, who try to acquire some earnings with
limited investment. It will also lead to a rush to other countries for opening such accounts and
lower the transaction volume significantly. Therefore, the broker companies will also be negatively
influenced from such a regulation and their contribution to US economy will drop considerably.
I would like CFTC to withdraw its proposal on this matter.
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