Comment Text:
io-ooi
COMMENT
CL-06957
From:
Sent:
To:
Subject:
Capri GI2rLER
Friday, March 12, 2010 8:02 PM
secretary
Regulation of Retail Forex
Document ID:
RIN 3038-AC61
Dear Sirs,
I have learnt CFTC's proposal about lowering the leverage for reatil forex accounts from 1:100 to
1:10. I believe, this will not be in favor of small investors, who try to acquire some earnings with
limited investment. It will also lead to a rush to other countries for opening such accounts and
lower the transaction volume significantly. Therefore, the broker companies will also be
negatively influenced from such a regulation and their contribution to US economy will drop
considerably.
I would like CFTC to withdraw its proposal on this matter.
Best Regards,
