Comment Text:
i0-001
COMMENT
CL-03634
From:
Sent:
To:
Subject:
richard mullin
Sunday, January 24, 2010 9:49 PM
secretary
To ~eCFTC
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 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.
Thank you
Richard M Mullin
