Comment Text:
i0-001
COMMENT
CL-04187
From:
Sent:
To:
Subject:
[email protected] <"[email protected]">
Tuesday, January 26, 2010 10:50 PM
secretary
Regulation of retail forex
Dear Sir,
It was recently brought to my attention, that a proposal has been put forth regarding the retail foreign exchange
market. It is my understanding that this proposal would aim to limit the available leverage for retail traders.
I understand the difficult atmosphere that the CFTC is finding itself in these days. However, placing restrictions on the retail
level traders is a personal affront. The retail traders had nothing to do with the economic crisis. This proposal therefore would
do absolutely nothing to protect the stability of the market. If you want to more heavily regulate the large institutions, that's
one thing, but LEAVE THE RETAIL CROWD OUT OF IT!!! I speak for myself as well as the thousands of others like me
when I say, we (the retail traders) are all more than capable of exercising our own fiscal responsibility with our limited
capital.
Sincerely angry,
Nathan Saunders
