Comment Text:
i0-001
COMMENT
CL-03590
From:
Sent:
To:
Subject:
Stan Blosser
Sunday, January 24, 2010 6:20 PM
secretary
Regulation of Retail Forex
To whom it may concern:
I am a amateur retail forex trader, and I oppose the rule to reduce
leverage limits to 10:1 from the current 100:1. I have an excellent
relationship with my broker, and my account is consistently growing.
While I do not use all of the 100:1 leverage currently available to me,
this new rule would seriously hamper my ability to trade efficiently,
and there by limit my income potential. The financial markets in the
United States are already so heavily regulated that the transactional
costs keep "the little guy" out, for the most part, which is why I enjoy
the low cost simplicity of forex trading.
Whatever the motivations for this rule may be, I find it reprehensible
for the CFTC to further interfere with and cripple an over-the-counter
market.
Thank you for your time.
Sincerely,
Stan Blosser
