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Comment for Proposed Rule 75 FR 3281

  • From: Justin Morales
    Organization(s):

    Comment No: 53
    Date: 1/15/2010

    Comment Text:

    i0-001
    COMMENT
    CL-00053
    From:
    Sent:
    To:
    Subject:
    Justin Morales
    Friday, January 15, 2010 8:36 AM
    secretary
    Regulation of Retail Forex
    To whom it may concern,
    I am a retail trader and I am strongly opposed to the 10:1 leverage proposal by the CFTC.
    This regulation/requirement will drive many of the "smaller guys" out of the markets
    entirely or to offshore (ie unregulated) brokers.
    The liquidity provided by retail traders increase the efficiency of the markets. Removing
    them, or unfairly pricing them out of the markets will result in increased price volatility
    overall and decrease the efficiency of the markets which is bad for everyone.
    Please reconsider this proposal.
    Thank you
    Justin Morales