Comment Text:
i0-001
COMMENT
CL-04083
From:
Sent:
To:
Subject:
Cory Haupt
Tuesday, January 26, 2010 2:31 PM
secretary
Regulation of Retail Forex
Good Day,
I wish to communicate my opposition to the CFTC imposing a 10:1 margin requirement for retail forex
trades.
As a personal investor, such a requirement would significantly restrict my ability to hedge my
investment portfolio against exchange rate risk. The amount of leverage available to a retail client
should remain the purview of the brokerage providing the client with services.
Additionally, such a rule would put U.S. brokerages at disadvantage to foreign brokers.
Again, I wish to voice my strong opposition to imposing a 10:1 margin requirement for retail forex
trades.
Cory Haupt
