Comment Text:
i0-001
COMMENT
CL-05497
From:
Sent:
To:
Subject:
Steve Martin
Monday, February 22, 2010 6:47 AM
secretary
Regulation of Retail Forex
I'm an investor in foreign currency through a U.S. dealer. I am very concerned about the proposed rules from the
CFTC. The CFTC's recent rule proposal, which would limit customer trading leverage to 10 to 1, would be a crippling
blow to the U.S. forex industry. This unsustainable rule would drive U.5. fore× dealers, which brings tens of millions
of dollars into the U.S. banking industry each day, offshore into the hands of foreign competitors. It would
encourage fraud both at home and abroad as customers seeking to trade retail forex would have no other legitimate
domestic alternative. As an investor, I would be forced to take my business outside of the United States.
Steve Martin
Fullerton CA, 92832
sraymar@earthlink, net
