Comment Text:
i0-001
COMMENT
CL-02928
From:
Sent:
To:
Subject:
Cal
Friday, January 22, 2010 6:09 PM
secretary
Regulation of Retail Forex
Re: RIN 3038-AC61
Dear Mr. Stawick,
I oppose the propose CTFC leverage change for retail forex because 1) the increased margin requirement (from $1,000 to
$10,000 per 1 ot) would create greater exposure for traders experimenting with forex trading, and 2) the increased margin
requirement would decrease the influence of U.S. traders compared to foreign traders. If U.S. traders have higher margin
requirements than foreign traders, the opinions that U.S. traders have on the currency pairs being traded will have less
influence on the forex market than the opinions of foreign traders, because U.S. traders will be able to trade fewer lots than
foreign traders.
Sincerely,
/EC/
Mr. Eurica Califorrniaa
PO Box 791
Haleiwa, HI 96712
(310) 804-0727
