Comment Text:
i0-001
COMMENT
CL-06941
From:
Sent:
To:
Subject:
Leigh Murray
Friday, March 12, 2010 7:49 PM
secretary ; [email protected]
Regulation of Retail Forex
RIN 3038-AC61
I refer to the proposed regulation of retail forex and would like to voice my disapproval of the
proposed changes.
I feel that some of these changes will result in a number of small traders leaving this industry
which will result in:
1] less liquidity in the forex market - while small traders may not have large overall exposure they
do fill gaps in the market.
2] Increased concentration of traders.
3] Consolidation of broking firms
4] The movement of small traders to overseas broking firms.
While the cftc may see that these moves will reduce administration costs and lead to more
sophisticated investors in the market I feel the benefits of a fair and free market to all should
be paramount.
Regards,
Leigh Murray
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