Comment Text:
i0-001
COMMENT
CL-03583
From:
Sent:
To:
Subject:
George Morris
Sunday, January 24, 2010 5:52 PM
secretary
Regulation of Retail Forex
Hello,
I am writing you in reference to your proposed new regulation of Forex leverage from 100:1 to 10:1 for
all NFA and CFTC regulated Forex firms.
This would have a negative impact on myself and the entire Retail Forex industry.As a
small
retail
Forex trader, the current margin fits my needs well.
By imposing higher margin requiements on the small trader it would give more power to the people who
already have it-the large institutions and wealthy traders.
Please retain the current margin levels to benefit myself ,small retail traders and the entire Retail Forex
Industry and associated jobs.
Sincerely,
George E Morris
