Comment Text:
i0-001
COMMENT
CL-00345
From:
Sent:
To:
Subject:
Stephen Gao
Monday, January 18, 2010 3:28 PM
secreta ry < secreta ry@ C FTC. g ov >
Regulation of Retail Forex
To whom it may concern,
I am a retail trader and I am strongly opposed to the 10:1 leverage proposal by the CFTC (RIN
3038-AC61). This regulation/requirement will drive many of the "smaller guys" out of the markets
entirely or to offshore (ie unregulated) brokers.
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.
Best regards,
Stephen G
