Comment Text:
i0-001
COMMENT
CL-04001
From:
Sent:
To:
Subject:
Jeffrey Luah
Tuesday, January 26, 2010 7:50 AM
secretary < secretary@ C FTC. g ov >
Regulation of Retail Forex
Dear Sir,
As a Forex trader, I would like to express my OBJECTION against recent CFTC's proposal (Identification No. RIN
3038-AC61). The implementation of this proposal will worsen the economic situation and hurt traders financially
especially for small traders.
The US brokers will surely lose massive clients due to traders might transfer their accounts offshore where there
is no such ridiculous regulation like this proposal. It came my mind that I will be going to transfer my account to an
UK broker if this proposal takes effect. I can't afford to follow this proposed leverage 10:1.
Again, just like all Forex traders, I totally opposed this proposal and strongly urge to consider to withdraw this
proposal from the implementation.
~/o not keep on changing rules of the game, otherwise there will not be anyone in the game. ?/span>
Best regards,
Jeffrey
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