Comment for Proposed Rule 75 FR 3281
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From:
Mohamed Rashad
Organization(s):
Comment No:
1581
Date:
1/21/2010
Comment Text:
i0-001
COMMENT
CL-01581
From:
Sent:
To:
Cc:
Subject:
Mohamed Rashad
Thursday, January 21, 2010 6:53 AM
secretary
[email protected]
Regulation of Retail Forex
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.
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
Mohamed Rashad
Professional Trader and Forex Funds Manager
Mob+20125152259
