Comment Text:
i0-001
COMMENT
CL-04526
From:
Sent:
To:
Subject:
Nick
Friday, January 29, 2010 10:52 PM
secretary
Regulation of Retail Forex
Public Comment request is as follows.
I am against the proposed 10:1 margin requirement. There exists plenty of"protections" within the Broker's
trading platforms that work effectively. I think the push for tighter regulation is a good thing, when focused upon
the Broker themselves, without negatively impacting the ability for the small, retail Forex trader to profit. Let's
break from this concept of "more government". We're all adults, and we sign waivers, and read all the fine print
that warns of the risks of Forex trading. If we did not have all those warnings and built-in protections [margin
calls, close all positions, etc], maybe a reduced margin requirement of say 50:1 is warranted. But the fact
remains that we do have these items in place, and they do serve the purpose; therefore, I believe the 10:1 is
overly restrictive, and not needed.
Thank you for opening up for public comment.
htt p://www, cftc.g ov/n ews roo m/g e n e ral press re leases/2010/pr5772-10.html
Release: 5772-10
For Release: January 13, 2010
CFTC Seeks Public Comment on Proposed
Regulations Regarding Retail FOREX
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