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Comment for Proposed Rule 75 FR 3281

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  • From: Matthew Zaler
    Organization(s):

    Comment No: 2068
    Date: 1/21/2010

    Comment Text:

    i0-001
    COMMENT
    CL-02068
    From:
    Sent:
    To:
    Subject:
    Matthew Zaler
    Thursday, January 21, 2010 6:19 PM
    secretary
    Regulation of Retail Forex
    R1N 3038-AC61
    Hello,
    I am pleased with most of the regulations the CFTC intends to impose on forex brokers. As a trader it is
    my responsibility to asses and risk associated with trading. The 10:1 proposal is absolutely absurd.
    When I see ideas like this come up I ask myself "who stands to lose and who stands to gain?". Certianly
    not me or anyother trader. This 10:1 idea will force many of the us brokers and traders to move of shores
    and virtually kill the U. S forex market, hmmm ...... foreign interests??????