Comment Text:
i0-001
COMMENT
CL-07470
From:
Sent:
To:
Cc:
Subject:
Glenn L Strange
Sunday, March 14, 2010 12:40 PM
secretary
[email protected]
'Regulation of Retail Forex'
Dear Madam or Sir,
Let me preface by thanking you for accepting my opinion on this leverage change. Now, from my point of view two thing will happen
to the Small Retail Forex participate if a 10:1 is put into effect.
The first will be this Small Retail Speculator will be totally eliminated from the Forex, or they are place into a situation were no
USA Regulator Body exist for oversight of their brokerage firms. This will set in motion 100:1 customer accounts to brokers
outside USA and the CFTC governor mechanism.
Now, the latter in my honest opinion is something we do not want to happen to the current Small Retail Trader is terms of answerable
of his moral decisions. Therefore I strongly recommend that the lO0:1 not be changed.
Sincerely,
Glenn L Strange
