Comment Text:
i0-001
COMMENT
CL-03641
From:
Sent:
To:
Subject:
drew potts
Sunday, January 24, 2010 10:26 PM
secretary
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. This
regulation/requirement will force myself and other of the "smaller guys" out of the markets in U. S, and
to move brokerage accounts to offshore (ie unregulated) brokers.
The more traders there are in market, the more liquidity provided and hence increase the efficiency of
the markets. Removing them, or unfairly pricing them out of the markets will result in a decrease in the
efficiency of the markets which is bad for everyone.
Please reconsider this proposal.
Thank you
Dru Potts
