Comment Text:
i0-001
COIMMENT
CL-02866
From:
Sent:
To:
Subject:
roland 1376@aol. com
Friday, January 22, 2010 4:47 PM
secretary
Regulation of Retail Forex
CFTC:
I have been made aware of proposed changes that are being considered for retail "private
citizen" trading on the forex market. The 100:1 leverage offered by brokers to their customers
allows for the small investor to participate in this market. If this were changed to 10:1 it would
kill this market for the small private investor as well as the brokerage firms that these
customers use. It would also cause the loss of jobs in those companies no longer able to offer
forex trading to the volume of customers it once did.
There is not one good thing that would come out of Regulatory changes of this kind. It would
only decrease the number of traders trading and the revenue generated and the taxes generated
by that revenue. Please Don't change the Leverage that makes this investment vehicle available
to trade for all investors. If it's not broke (it isn't) don't fix it.
Robert J Roland
765 Mountain Ave. #161
Springfield, New Jersey 07081
908-337-4723
[email protected]
[email protected]
with [~Regulation of Retail Forex[~ in the subject line. Your message will be
considered, then posted unchanged on the CFTC website ONLY if you include your name,
contact information (address and phone number) and email address.
