Comment Text:
i0-001
COMMENT
CL-05762
From:
Sent:
To:
Subject:
Chris and Lesley Cosby
Wednesday, March 3, 2010 7:55 PM
secretary
Regulation of Retail Forex
From:
Secretary David Stawick
Commodity Futures Trading Commission
1155 21st Street, N.W.,
Washington, DC 20581
Christopher F. Cosby
3011 Ellesmere Drive
Midlothian, VA 23113
Dear Secretary Stawick,
I am writing this letter to let you know that I strongly oppose the U.S. Commodity Futures Trading Commission's
(CFTC) recently proposed regulatory changes that include reducing the current leverage available to foreign exchange (forex)
traders from 100:1 to 10:1. This change will make it very difficult for small retail traders who use the leverage to reduce overall
risk of total capital. In today's global economy it is extremely important to me to use the retail forex market to hedge against
losses of the dollar vs other currencies. I would urge you to consider my email and the other thousands of retail traders who
have written to express their opposition to this proposal when making your decision.
Sincerely,
Christopher F. Cosby
