Comment Text:
i0-001
COMMENT
CL-05352
From:
Sent:
To:
Subject:
Lynn Tang
Friday, February 12, 2010 11:40 PM
secretary
10:1 CFTC regulation
My 2cents:
With the 10:1 rule the US will eliminate small forex businesses, eliminate forex traders with easy
margin calls by the giant forex brokerage firms, create more rising forex unemployment people and
traders/investors with the 10:1 idea because who would have $10,000-$20,000 enough to place only 1
standard forex position, especially in this 8+% unemployment economy, housing foreclosures market??
Plus, this is a very unfair advantage to all US forex currency investors 10:1 trying to compete with all
the Non-US traders and Non-US forex brokerage firms who
get 100:1, 200:1,400:1 or better.
Thank you for listening and giving us a choice in this beautiful freedom USA.
Thanks,
Lynn
