Comment Text:
i0-001
COMMENT
CL-01368
From:
Sent:
To:
Subject:
Ivan Holmes
Wednesday, January 20, 2010 11:30 PM
secretary
Regulation of Retail Forex
ID: RIN 3038-AC61
To whom it may concern,
I am a retail Forex trader and I am strongly opposed to the 10:1 leverage proposal by the CFTC. This
regulation/requirement will drive many of the "smaller guys" out of the markets entirely or to offshore (ie
unregulated) brokers. Reducing it to 100:1 was bad enough, any further reduction is unacceptable.
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
Ivan Holmes
