Comment Text:
i0-001
COMMENT
CL-05167
From:
Sent:
To:
Subject:
Bob Ney
Monday, February 8, 2010 11:49 AM
secretary
Regulation of Retail Forex
To Whom it may concern.
As a small retail Forex trader, I wanted to add my voice to the comments
regarding your proposed regulation changes
regarding leverage ratios and margin requirements. Your proposal to change
from a 100:1 to a 10:1 ratio effectively
eliminates the small individual trader from the Forex marketplace. Forex
trading is a high risk activity, this is
acknowledged. The efforts to protect the investor by the CTFC are laudable
but in this case the cure is worse than the
disease. You don't protect people by taking away the activity. You protect
them by making sure that they are aware
of and accept the risks involved. Anyone who is active in this activity
should be well
aware of the risks involved and by trading in the forex marketplace is
accepting those risks. I urge you to drop
this change and leave the leverage ratios as they are.
Bob Ney.
Roseville CA
916-223-6170
