Comment Text:
i0-001
COMMENT
CL-05740
From:
Sent:
To:
Subject:
Alexander Misharin
Wednesday, March 3, 2010 7:26 PM
secretary
Regulation of Retail Forex
Dear Sir or Madam,
I would like to let you know that I am strongly opposing the idea of reducing the current leverage
available to Forex traders from 100:1 to 10:1, as proposed by the U.S. Commodity Futures Trading
Commission (CFTC).
I am currently a client of two US-based Forex dealers. However, the proposed regulation will definitely
force me to move the money from my accounts with these firms to the foreign dealers which are (and,
hopefully, will be) free of such regulations.
I am confident that many other clients of the US-based Forex companies will follow the same steps in
the case if the proposed regulations will be enforced. Needless to say that such scenario will be negative
for the US economy in the first place.
With best regards,
Alexander Misharin, Ph.D.
