Comment Text:
i0-001
COMMENT
CL-00169
From:
Sent:
To:
Subject:
DC.
Saturday, January 16, 2010 10:35 AM
secreta ry < secreta ry@ C FTC. g ov >
Regulation of Retail Forex
To whom it may concern,
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 reduction to 100:1 was bad enough, any further
reduction is completely 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
David Connell
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From uploaded file 169_---- - Copy.txt:
1/4/2010 3:55:29 PM... 23 change(s) to BPAC list.
1/4/2010 4:02:59 PM, True... 23 change(s) to BPAC list.
