Comment Text:
i0-001
COMMENT
CL-02779
From:
Sent:
To:
Subject:
Paul Stafford
Friday, January 22, 2010 3:13 PM
secretary
Regulation of Retail Forex
Der Mr Stawick, Secretary of CFTC
I am writing to register my dissatisfaction with the proposed rule RIN 3038-AC61
limiting
leverage.
[]I believe that traders should be able to decide for themselves what level of leverage is appropriate.
Under certain circumstances (for example a carry trade), leverage is the only mechanism that makes it
work.
If the CFTC goes ahead with this rule, adding to the other horrible rule CFTC rule implemented last year
eliminating hedging, then retail traders will take their business offshore. The CFTC is removing
necessary tools from the traders kit. Please stop.
What is needed is more monitoring of disreputable brokers, not the traders themselves.
Paul Stafford
Mobile 406.546.8410
Office [] 406.626.1546
Fax [] [] []866.328.1392
stafford, paul 1 @gmail. com
