Comment Text:
i0-001
COMMENT
CL-07315
From:
Sent:
To:
Cc:
Subject:
4x <[email protected]>
Saturday, March 13, 2010 12:23 PM
secretary
[email protected]
Regulation of Retail Forex
Dear Mr. Secretary,
It has come to my attention that the CFTC is considering lowering the
leverage in retail Forex from the present 100:1 to a miserly 10:1.
While I can see the large banking institutions, with the lack of
oversight provided by the U.S. government, being responsible for the
fiscal crisis plaguing the nation, and by extension the puny retail
customers, I'm astonished that the CFTC would even consider such a move
if only to destroy the smaller financial industry and thus force smaller
traders completely out of the country. Is this by design? I know I
will at a heartbeat move my funds outside of the country to more
favorable nations. Heck! I'm even considering emigrating just to get
away from the madness that's consuming this government. If the goal of
the CFTC is to drive a stake through us all then by all means proceed
but if any vestige of sense remains then this foolhardy idea needs to be
buried immediately.
Regards,
David F.
