Comment Text:
i0-001
COMMENT
CL-04290
From:
Sent:
To:
Subject:
John May
Wednesday, January 27, 2010 6:53 PM
secretary
Regulation of Retail Forex
Dear Ladies and Gentlemen,
I am a retail forex trader and am strongly opposed to the proposed 1:10 leverage requirements. This is a
bad
idea and should not be considered. Changing the leverage will decrease the liquidity of the markets and increase
volatility. Increased risk disclosure requirements is the only solution to your perceived problem. The proposed
regulation will hurt the livelihood of the small trader. I have spent many years studying and perfecting my trading
strategies. This regulation will make it impossible for me to trade. Please say NO to this requirement
John P. May
Retail Forex Trader
11362 Steckert Bridge Road
Roscommon, Michigan 48653
