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Comment for Proposed Rule 75 FR 3281

  • From: Robert Stauch
    Organization(s):

    Comment No: 85
    Date: 1/15/2010

    Comment Text:

    i0-001
    COMMENT
    CL-00085
    From:
    Sent:
    To:
    Subject:
    tresbor@web.de
    Friday, January 15, 2010 1:18 PM
    secretary
    Regulation of Retail Forex
    Dear Ladies and Gentlemen,
    I am a retail trader and I am strongly opposed to the 10:1 leverage
    proposal by the CFTC. This regulation will drive many of the smaller
    guys out of the markets entirely or to offshore (ie unregulated) brokers.
    The liquidity provided by retail traders increase the efficiency of the
    markets. Removing them, or unfairly pricing them out of the markets will
    result in increased price volatility overall and decrease the efficiency
    of the markets which is bad for everyone.
    Please reconsider this proposal.
    Thank you
    Robert Stauch