Comment Text:
i0-001
COMMENT
CL-07307
From:
Sent:
To:
Cc:
Subject:
R.A.J. Taylor
Saturday, March 13, 2010 11:51 AM
secretary
[email protected]
Regulation of Retail Forex
Reference: RIN 3038-AC61
Sir
The proposed change in margin requirements for forex trading will reduce
the activity by, if not actually eliminate small traders from
participating in forex trading. Although an increase may inconvenience
institutional traders, the removal of small private traders is likely to
their advantage.
It raises the question, is the CFTC considering this change at the
behest of institutions? I hope not, but given the level of influence
banking, commerce, and industry have on US Government policy and
actions, I would be surprised if this were not so.
Please prove me wrong and consider small, private traders, for whom the
smaller margin requirement make trading possible.
Sincerely
Dr. Robin A. J. Taylor
500 Giffen Drive
Wooster, Ohio 44691
