Comment Text:
i0-001
COMMENT
CL-04060
From:
Sent:
To:
Subject:
[email protected]
Tuesday, January 26, 2010 11:35 AM
secretary
Regulation of Retail Forex
I understand that there is a prosed change in ForeX trading and wish to
let you know that if you proceed with the move to a margin of 10 to 1,
you will effectively move me out of the market. I am a short term trader
and make my funds within a 10 point spread. When and If you change the
regulations it will effectively put me out of a job. Please reconsider
your reasons and remember that the object of any regulation should to be
make it possible for the average citizen to participate in the market not
just the big financial entities.
Can you please send me information on why you are proposing the change
and of what benefit it will yield to the average trader. You may send
the information to this e-mail address.
Mike Mendez
A Concerned FXtrader
