Comment Text:
i0-001
COIMMENT
CL-06632
From:
Sent:
To:
Subject:
Ollie Floehr
Monday, March 8, 2010 11:29 PM
secretary
Regulation of Retail Forex
I am a strong supporter of ethical and fair business practices and the protections offered to
traders through industry regulation. I make sure my FX broker is regulated by the CFTC.
However, I do not support this CFTC proposal.
To what end should the CFTC restrict leverage across the board to 10 to 1? It seems this is an
attempt to limit both the number of brokers and small investors! Regulate, yes but don't limit
our personal freedom to make our own decisions with our own investments!
I believe that, with proper education, it is not necessary for the LJ.S. Forex industry to be subject
to these regulations! Only recently have the doors opened for retail investors to trade in this
market. Now these doors are effectively closed through the proposed rules, once again making
the FX market accessible only to financial institutions. Well, as a small investors, I think we are
tired of having to bail out the "financial institutions" due to poor regulations. You keep the small
investors out of hedge funds. So how is that working for you?
Ollie Floehr
141 Inata Circle
Loudon, TN 37774
