Comment for Proposed Rule 75 FR 3281
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From:
William D Green
Organization(s):
Comment No:
712
Date:
1/19/2010
Comment Text:
i0-001
COMMENT
CL-00712
From:
Sent:
To:
Subject:
Danny Green
Tuesday, January 19, 2010 4:44 PM
secreta ry < secreta ry@ C FTC. g ov >
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/requirement will drive many of the smaller traders out of the markets entirely or to
offshore (i.e. unregulated) brokers. The liquidity provided by retail traders increase the efficiency
of the markets. Removing them, or unfairly pricing them out of 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
William D Green
7407 Willow Bend Dr
Crestwood, KY 40014
