Comment Text:
i0-001
COMMENT
CL-04185
From:
Sent:
To:
Subject:
Grayson Smith
Tuesday, January 26, 2010 10:48 PM
secretary
Regulation of Retail Forex
Re: 'Regulation of Retail Forex'
Identification number RIN 3038-AC61
I believe that all traders should have the right to choose the amount of leverage that is appropriate for his/her risk appetite, and that this basic principle
of 'choice' is being threatened by the proposed CFTC regulations. I believe this is a tactic lobbied by the fat cats (big corporations) to force the small
guys like myself out of the FOREX market so they can control it like they did earlier before small players got involved and disturbed their golden goose.
Please don't force me out of the market as the new proposal would require 10 times more cash than today and I would not be able
to determine my own risks.
Thank you,
Grayson Smith
333 mountain crest drive
Pell City, AL 35128
