Comment Text:
i0-001
COMMENT
CL-00195
From:
Sent:
To:
Subject:
tosin davis
Saturday, January 16, 2010 4:36 PM
secretary
Regulation of Retail Forex: RIN 3038-AC61
To whom it may concern,
I am a retail trader and I am strongly opposed to the 10:1 leverage proposal by the
CFTC. (RIN 3038-AC61) 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,
Tosin Davis
