Comment Text:
i0-001
COMMENT
CL-00050
From:
Sent:
To:
Subject:
john baur
Friday, January 15, 2010 7:36 AM
secretary
Regarding Regulation of Retail Forex
Dear Secretary,
Regarding regulation of retail forex leverage, I would like to point out the ramifications of such measures. By
reducing the leverage to 10:1 in the retail forex market, the U.S could potentially lose "TRILLIONS" of dollars over
the next few decades. The money flowing out of the U.S. is incalcuable, if such measures were taken. This market is
in it's infancy and by regulating in such a manner could retard the the retail growth in the U.S. considerably, not to
mention the billions of dollars it could potentially cost the treasury. The bank lobby is very strong in D.C. as you
know, and I am sure there is a lot of pressure to implement such regulation, but by doing so you will increase
volatility and reduce liquidity in a global market that needs neither. Let's face it, the banks want to keep the game
the same for as long as they can because it benefits them, but what they don't seem to realize is that they are only
hurting themselves in the long run. This market is one of the fastest growing markets the world has ever seen and
needs to be regulated as such. Reducing the leverage in the retail forex market does not protect the retail trader, it
only hurts the retail broker. The U.K. would love this type of regulation, insuring that they would control the retail
forex market. Please consider the ramifications of such regulation before taking such draconian measures.
Sincerely, John Baur
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