Comment Text:
i0-001
COMMENT
CL-00047
From:
Sent:
To:
Subject:
Mirko Majic
Friday, January 15, 2010 5:58 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 retail traders increase the efficiency of the markets. Removing them, or unfairly pricing
them out of the markets will result in increased price volatility overall and decrease the efficiency of the markets
which is bad for everyone.
Please reconsider this proposal.
Thank you
Mirko Majic
Trader at Gain Capital/Forex.com
