Comment Text:
i0-001
COMMENT
CL-05617
From:
Sent:
To:
Subject:
Korhan Karadag
Saturday, February 27, 2010 4:19 PM
secretary
Regulation of Retail Forex
Dear Sirs,
I have learnt CFTC s proposal about lowering the leverage for reatil forex accounts from 1:100 to 1: 10. I believe,
this will not be in favor of small investors, who try to acquire some earnings with limited investment. It will also lead
to a rush to other countries for opening such accounts and lower the transaction volume significantly. Therefore, the
broker companies will also be negatively influenced from such a regulation and their contribution to US economy will
drop considerably.
I would like CFTC to withdraw its proposal on this matter.
Best Regards,
Korhan KARADAG
