Comment Text:
i0-001
COMMENT
CL-03945
From:
Sent:
To:
Subject:
Greg McMurray
Monday, January 25, 2010 11:20 PM
secretary
Regulation of Retail Forex
I am writing to declare my strong opposition to your proposed regulation to limit leverage in retail Forex
accounts to 10:1. I believe this regulation will be highly destructive with detrimental effects on small
investors.
This new proposal is very discriminatory because it will restrict Forex accounts for everyone but those
who have the most money. After the terrible economic crisis small investors have endured that past 3
years, the CFTC should be finding ways to support and make markets more open to small investors, not
shut us out completely.
We've stood by and watched the privileged banking institutions get bailed out with our own money,
never expecting any kind of rescue for ourselves. We've watched our friends and neighbors loose their
jobs and their homes, never dreaming the government could or would do anything about it. The only
thing we ask is to have fair and accessible markets that we can participate in. We only ask to be able to
rise or fall on our own merits, by our own efforts. After all Americans have endured in this crisis, this is
all we request, and, by God, it's the least you could do.
Please support small investors and stop this regulation to limit leverage to 10:1.
Sincerely,
Greg McMurray
9075 Jacqueline Dr.
Des Plaines, IL 60016
