Comment Text:
i0-001
COMMENT
CL-00046
From:
Sent:
To:
Subject:
[email protected] on behalf of
James
Friday, January 15, 2010 5:19 AM
secretary
Regulation of Retail Forex
To whom it may concern,
I am a retail trader and I am strongly opposed to the 10:1 leverage proposal by the CFTC. This regulation/
requirement will drive many of the "smaller guys" out of the markets entirely or to offshore (ie unregulated) brokers.
The liquidity provided by smaller retail traders actually decrease the "swings" in currency market pricing and
increase the efficiency. Removing them (retail traders) or unfairly pricing them out of the markets will result in
more dramatic swings not less which will hurt everyone.
Please reconsider this proposal.
Thank you
James M.
