Comment Text:
i0-001
COMMENT
CL-05770
From:
Sent:
To:
Subject:
Daniel Ortiz
Wednesday, March 3, 2010 8:10 PM
secretary
Regulation of Retail Forex
Hello,
Leverage changes in the currency market will have a detrimental effect on the liquidity of the market.
The limitation of leverage in the retail forex market(instead of the derivate market) seems like a vast
waste &time, which will have no effect on the systemic health of US capital markets. It is amusingly
cynical that you people pass regulation on the "safe" topic(almost always to the detriment of the little
guy) instead &trying to fix the major systemic problems of the market, and government. If you are
trying to say that retail traders cannot trade any more, then I recommend sacking up, and just making it
illegal, and imposing international capital restraints. However, if leverage is your concern then you
should limit money flow from TALF/PDCF into commodity/futures market. You know free endless
money makes 100:1 leverage on a $10000 account almost laughable. If your goal is to help retail traders
(jajajajajajajajajajaja ...... joke of the century), then I would recommend imposing a ban on frontrunning,
and ending the tiered US capital market architecture.
Sincerely,
Dan
e.s.
If it was not clear, I am completely against your idea.
