Comment Text:
i0-001
COMMENT
CL-05080
From:
Sent:
To:
Subject:
Sandy
Friday, February 5, 2010 11:43 PM
secretary
Regulation of Retail Forex
Dear Secretary:
I would like to let you know that I fully oppose the proposed regulation to limit retail trading to
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leverage. I
feel that such regulation should be beyond the scope of the CFTC. If this rule does take effect I will be taking my
trading offshore. I hope it does not come to that. I believe many other traders will also be moving their
accounts offshore to brokers who offer more favorable terms. I think that this type of ruling will hurt the "little
guys". But I think that in the long term it will also affect big business in the U.S.
I do not see the need for the change. I believe that I should be able to do what I like with my money provided I
am informed of the risks. Please do not allow this proposal to become law.
Thank you for your time and attention.
Sandy McGowan
