Comment Text:
i0-001
COMMENT
CL-07740
From:
Sent:
To:
Subject:
Sandra McDaniel
Monday, March
15, 2010 11:32 PM
secretary
Regulation of Retail Forex
To Whom it may concern:
I'm an investor in foreign currency through a U.S. dealer. I am very concerned about the proposed rules from the CFTC. The
CFTC's recent ruleproposal, which would limit customer trading leverage to 10 to 1, would be a crippling blow to the U.S.
forex industry. This unsustainable rule would drive U.S. forex dealers, which brings tens of millions of dollars into the U.S.
banking industry each day, offshore into the hands of foreign competitors. It would encourage fraud both at home and abroad
as customers seeking to trade retail forex would have no other legitimate domestic alternative. As an investor, I would be
forced to take my business outside of the United States which would be a shame since the United States is the greatest
country on the planet.
Sandra McDaniel
Tulsa OK, 74135
[email protected]
