Comment Text:
i0-001
COMMENT
CL-05181
From:
Sent:
To:
Subject:
Stephan Schlaepfer
Monday, February 8, 2010 12:49 PM
secretary
Regulation of Retail Forex
Hello,
With all respect, I am sending to you this mail expressing my opinion about the CFTC idea. You forbade the
hedging of trades, a measure which affected negatively the small investors and traders, now you want to change
the leverage conditions. Once again, you are attacking the small investors with this measure, for me and for a lot
of traders the proposal is the end of our trading. Trading with a 10:1 leverage is impossible for small investors.
The big banks which has caused a terrible financial crisis are the winners again, because they can continue
making their business, but the small traders not. United States is a symbol of liberty, but with the proposal of
reducing the leverage you are attacking our free will. We should have our freedom to use our own money how we
like, but with your measures we, the small traders, will be excluded from forex trading. You are causing a high
damage to the US-Brokers, too, because all traders will change to european brokers.
I am totally against your
proposal, and please, do not decide against the voice of thousands of traders.
Regards,
Stephan Schl
