Comment Text:
i0-001
COMMENT
CL-00048
From:
Sent:
To:
Subject:
Bill Wood
Friday, January 15, 2010 6:25 AM
secretary
Proposed Regulation for Forex Trading -small guys
To whom it may concern,
I trade forex currencies on the retail side with a ton of other small
speculator/investors. Raising the leverage to a 10:1 as proposed by the
CFTC is going to take myself and many many other day traders who offer
liquidity out of these markets. They will be, along with myself,
moving their accounts out of the USA and placing them offshore. It is
about time to stop the farce that is taking place since this new
administration took office one year ago. I am very strongly opposed to
this proposal.
Thank you very much for reconsidering this proposal.
Bill Wood
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