Comment Text:
i0-001
COMMENT
CL-06884
From:
Sent:
To:
Subject:
Cranes
Friday, March 12, 2010 7:10 PM
secretary
Retail Forex Changes
CFTC Members,
Changing the leverage from 100:1 to 10:1 (if I understand it correctly) would require a trader of 1 lot to have a
$10,000 margin. It appears to me that this would limit trading to the more wealthy clients or individuals and further
stacking the deck towards the larger corporations and banks. The past is clear as a picture when it comes to
giving the largest of the large all the marbles. This is just another step in sweeping the individual under the rug.
This country is close to emploding and this won't help at all.
Regards,
Peter Crane
