Comment Text:
i0-001
COMMENT
CL-04625
From:
Sent:
To:
Subject:
Sean Murphy
Saturday, January 30, 2010 10:37 PM
secretary
Regulation of Retail Forex
Dear CFTC,
This email is in response to release 5772-10, solicitation of public comment on proposed retail
forex transactions.
As an active US retail forex trader, I applaud your efforts to provide and improve appropriate
regulation to the forex market. The only aspect of the proposal I would like to see modified is the
leverage ratio of 10:1 increased to 20:1. From the dual perspective of almost 20 years of
experience actively trading the US equities markets and several years of forex trading, the 20:1
ratio would seem more equivalent to the volatility in the stock market. As proposed, the 10:1
ratio seems somewhat drastic, whereas 20:1 would accomplish the goals of the
proposal without substantially limiting forex trading activity in such a way that it would be out-of-
line with respect to other retail trading markets.
Thank you,
Sean Murphy
507 Monet Drive
Rockville MD 20850
