Comment Text:
i0-001
COMMENT
CL-04320
From:
Sent:
To:
Subject:
David Lynn
Thursday, January 28, 2010 5:38 AM
secretary
Regulation of Retail Forex
Dear secretary,
Do not reduce leverage to 10-1. The implementation of this proposal will not have the desired effect and
thereby the CFTC will fail in their basic mission. 99% of retail Forex traders are aware of the risks
associated with trading Forex because of advise from their broker. There is no need for this proposal as
traders will simply look elsewhere for the desired leverage.
I sincerely hope you see the futility in this exercise and drop the proposal.
Regards,
Concerned retail trader.
