Comment Text:
i0-001
COMMENT
CL-03264
From:
Sent:
To:
Subject:
Ryan Hymers
Saturday, January 23, 2010 1:15 PM
secretary
Regulation of Retail Forex
I am a retail trader and I am strongly opposed to the
10:1 leverage proposal by the CFTC. This
regulation/requirement will drive many people out of the
markets entirely or to offshore (ie unregulated) brokers.
I know that myself along with many others will be
moving to an offshore broker.
The liquidity provided by retail traders increase the
efficiency of the markets. Removing them, or unfairly
pricing them out of the markets will result in increased
price volatility overall and decrease the efficiency of the
markets which is bad for everyone.
Please reconsider this proposal.
Thank you
Ryan Hymers
