Comment Text:
i0-001
COMMENT
CL-05965
From:
Sent:
To:
Subject:
Dale Allman
Thursday, March 4, 2010 9:56 AM
secretary
Regulation of Retail Forex
Sir:
I want to go on record as disagreeing with the proposed regulation change in futures trading. Reducing
the requirement to 10:1 from 100:1 would severely limit the available capital to the futures markets. In
today's economy, futures trading and exchanges are one of the few remaining markets where capitalism
continues to reign. In its purest form, the financial capital moving in and out of futures represents a
bona fide system where even the small investor can participate on a level playing field. There are
winners and losers, but that is always the case.
In my opinion, the 100:1 requirement is strict enough. And, it does what it was intended to do -- prevent
anyone from undue risk. If you and the CFTC follow through on the proposed change, we can all look
forward to another market that is too restrictive and one where government has too much control.
Thank you for your consideration.
Sincerely,
Dale Allman
Frmr economist, Federal Reserve Bank of Kansas City
Principal/Owner
Creative Data Networks and Analytics, LLC
5760 Legacy Dr
Suite B3 306
Plano, Texas 75024
Ph: 940-300-7160
Fax: 866-381-5469
http ://www. creativedatanetworks.com
