Comment Text:
i0-001
COMMENT
CL-05324
From:
Sent:
To:
Subject:
Barend Van der Walt
Thursday, February 11, 2010 12:42 PM
secretary < secretary@ C FTC. g ov >
Regulation of Retail Forex
To: David Stawick, Secretary
Commodity Futures Trading Commission
1155 21st Street, N.W.,
Washington, DC 20581
Dear Mr. Stawick
Regulation of Retail Forex
As a forex trading customer (ID number RIN 3038-AC61), I need to raise my strong concern to the CFTC that this 10:1
leverage rule must not stand, or my ability to trade forex will end.
It will require much more capital, and eliminate a large number of potential and existing market participants, myself included.
The proposed leverage regulation would be devastating to forex traders in the U.S. and could destroy the U.S. retail foreign
exchange industry.
Please allow us to continue to use foreign exchange trading as an investment vehicle.
I appreciate your urgent attention to this matter.
Barend van der Walt
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