Comment Text:
i0-001
COMMENT
CL-04292
From:
Sent:
To:
Subject:
Gary Parrish
Wednesday, January 27, 2010 7:28 PM
secretary
Regulation of Retail Forex
Gentlemen,
I am a retail trader and strongly oppose the 10:1 leverage proposal by the CFTC.
This regulation/requirement will drive many of the smaller traders out of the markets entirely or to offshore, ie
unregulated brokers.
The liquidity provided by retail traders increases the efficiency of the markets. Removing the retail traders or
unfairly pricing them out of the markets will result in overall increased price volatility and decrease market
efficiency, which is bad for everyone.
Regards,
Gary Parrish
