Comment Text:
i0-001
COMMENT
CL-00039
From:
Sent:
To:
Cc:
Subject:
Josef Higgins
Thursday, January 14, 2010 9:28 PM
secretary
Josef Higgins
Regulation of Retail Forex
To:
Secretary of U.S. Commodity Futures Trading Commission
From:
Josef Higgins
As a retail Forex customer, I am opposed to the 10:1 leverage proposal and will actively lobbying against it. U.S
retail Forex customers experienced a decrease in leverage by the NFA on the month of November 2009; currently
CFTC is seeking additional leverage decreases one month and a half later, after the NFA's leverage decrease
decision. With new regulations upon regulations, I feel the retail Forex customer's trading needs are not being
considered or addressed. Though, I applaud you for "attempting" to "protect" traders, I nor my experience needs
protection and feel, I or any of my fellow traders should not be subjected and punished because of a few traders
inexperiences of the market, trade decisions, or complaints of brokers.
As I stated before, I am acjainst the decision to 10:1 leverage decrease proposal and will actively lobby against it.
Josef Higgins
