Comment Text:
i0-001
COMMENT
CL-03548
From:
Sent:
To:
Subject:
Thelman Avenue Global, LLC
Sunday, January 24, 2010 3:09 PM
secretary
Regulation of Retail Forex
To the CFTC:
I recently heard about proposed changes in allowed leverage levels in retail forex accounts as
contained in the 2008 "Farm Bill". I would like to go on record as saying that these
changes are a very bad idea and will have negative implications on the liquidity of the currency
markets. I support tight disclosure, registration and capital requirements on FCM's who serve
as counterparties to retail forex transactions. These types of measures provide transparency
in our markets and reduce the risk exposure of the trading public. However, I believe that the
trading public needs to be allowed to select what they feel to be an appropriate level of
leverage exposure to their individual trading programs. Taking this ability away from traders
will simply drive them from participating in currency trading which will ulimately lead to liquidity
issues in the forex markets.
Sincerely,
Terry Lee Sontag
President/CEO
Thelman Avenue Global, LLC
Thelman Avenue Global, LLC
a Terry Sontag company
