Comment Text:
i0-001
COMMENT
CL-07304
From:
Sent:
To:
Cc:
Subject:
Tony Shuff
Saturday, March 13, 2010 11:49 AM
secretary
[email protected]
Regulation of Retail Forex
Dear Secretary,
I wish to express my grave concern in regards to the CFTC's considerations of changing and limiting the
U. S retail forex industry and individual traders. The notion of limiting the leverage in the retail forex
market from 100:1 to 10:1 is, in my opinion, lunacy instead of lucrative for U.S. investors and our
overall economic strength. I am referring to RIN 3038-AC61. Please reconsider any changes in light of
these facts:
* The proposed regulatory restrictions would change the leverages from 1% to 10% and therefore
* Change margin requirements ten-fold.
Therefore, I soundly and firmly object to this reduction in leverage becoming the law of the land.
Thank you for your re-consideration, honestly. Please do not cave and succumb to any pressure to
legalize such punitive measures.
Sincerely,
J Anthony Shuff
