Comment Text:
i0-001
COMMENT
CL-06399
From:
Sent:
To:
Subject:
Piotr Myslinski
Saturday, March 6, 2010 4:10 PM
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 will drive many
retail traders out of the market enirely or to offshore brokers.
I currently trade at a max 100:1 leverage. Going to 10:1 will drasticly change my situation for the worse and I will move my
trading account to a broker in the U.K.
The liquidity provided by retail traders increase the efficiency of the markets. Removing them, or unfairly pricing them out
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,
Piotr Myslinski.
