Comment for Proposed Rule 75 FR 3281
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From:
John Glancy
Organization(s):
Comment No:
2324
Date:
1/21/2010
Comment Text:
i0-001
COMMENT
CL-02324
From:
Sent:
To:
Subject:
john glancy
Thursday, January 21, 2010 10:27 PM
secretary < secretary@ C FTC. g ov >
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 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.
Regards,
John Glancy
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