Comment Text:
i0-001
COMMENT
CL-04421
From:
Sent:
To:
Subject:
David Nesmith
Friday,
January 29, 2010 2:28 AM
secretary
Regulation of Retail Forex
To whom it may concern,
I am a retail trader and I am strongly opposed to the 10:1 leverage
proposal by the CFTC. This regulation/requirement will drive many of
the "smaller guys" out of the markets entirely or to offshore (ie
unregulated) brokers.
The liquidity provided by retail traders increase the efficiency of
the markets. Removing them, or unfairly pricing them out of the
markets will result in increased price volatility overall and decrease
the efficiency of the markets which is bad for everyone.
Please reconsider this proposal.
Thank you
David J. Nesmith
