Comment Text:
i0-001
COMMENT
CL-05280
From:
Sent:
To:
Subject:
jason mills
Tuesday, February 9, 2010 4:13 PM
secretary
Regulation of Retail Forex
Hi,
I am staunchly against the changes for the proposed margin changes:
"CFTC enforces 100:1 leverage (a 1% margin requirement) to open and maintain a position on a forex transaction. With the
10:1 leverage proposed, retail traders would be subject to a 10% margin requirement. "
Your not helping the little guy out. Your giving the Entire Market to the Market Makers by taking the
ability to play out of the average persons hands. Its a double whammy. This change throws 2 fast balls at
the market.
A) Your killing the market by taking what ever symbolance of measure the little guy has out of the
picture
B) Your giving the Market to the people with power and money who can afford to manipulate the
market.
Furthermore: Your eliminating the ability for someone to open a small account and grow / learn
Please do not take this measure. Your allowing "Dealing Desk" platforms to run rabbid amongst brokers
to STEAL peoples money??? You do nothing about this.., instead you take the little guy out of the
picture completely to "save us?"
If you do anything, tighten the grip's on the brokers and eliminate thier ability to OPEN MANIPULATE
THE MARKET!!!
Sincerely,
Jason B Mills
Zion, IL
PS What the heck are you thinking? The brokers must be paying you ... to STEAL MORE of the
common mans money ....
