Comment for Proposed Rule 75 FR 3281
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From:
Andre Menzies
Organization(s):
Comment No:
1516
Date:
1/21/2010
Comment Text:
i0-001
COMMENT
CL-01516
From:
Sent:
To:
Subject:
Andre
Thursday, January 21, 2010 3:29 AM
secretary
Regulation of Retail Forex
Dear CFTC Committee,
I am a retail 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. I am happily trading with high leverage and do not need your protection! I can
make my own decisions about risk, thanks.
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,
Andre Menzies
RIN 3038-AC61
