Comment Text:
i0-001
COMMENT
CL-07405
From:
Sent:
To:
Cc:
Subject:
David L Clow
Saturday, March 13, 2010 9:38 PM
secretary
[email protected]
Regulation of Retail Forex
RIN 3038-AC61
To whom it amy concern:
It's my understanding that the CTFC wants to limit the Forex margin to 10:1. I was accustomed
to a 200:1 margin when I first started trading and was able to adjust my trading style sufficiently
when the 100:1 limit was imposed. Imposing a 10:1 margin limit pretty much cuts out the small
investor in the Forex market, leaving it open to only large corporations being able to trade. I
would like to state that I'm strongly opposed to this 10:1 limitation and truly hope that you will
consider the devasting effects it will have on many account holders. I trust that many small
investors will lose their positions and consequently have their accounts automatically closed and
penniless.
I for one will ~nove my accounts offshore. Everything else in the US is moving offshore, why not
move our investments as well. Will the last person out please turn off the lights.
Wake up and smell the coffee.
Respectfully yours,
David Clow
