Comment Text:
i0-001
COMMENT
CL-07524
From:
Sent:
To:
Cc:
Subject:
Grant Siddle
Sunday, March 14, 2010 8:19 PM
secretary
[email protected]
Regulation of retail Forex
RIN 3038-AC61
I want the leverage to stay at 1:400 or better. Clearly between yourselves and NFA you want to
eliminate the small market participant in forex. Certainly the small players are not asking for these
dramatic limiting changes. Therefore the big players are manipulating your decisions. I can provide
examples of that if you like. Its not a secret. Anyhow, Be noble and try to give the general public a
chance at some liberty and freedom that is no doubt being taken away from americans at an accelerated
pace. Making the leverage 10:1 is going to eleminate most of the small guys, and thus reducing the
market fairness. Is the USA is in such a state that markets need to be manipulated to survive, then best
of luck, I can't help with that.
I have already opened new accounts overseas where there is still quality trading practices in place and
although I have USA forex accounts I no longer deposit money to them or trade because of the NFA (No
Forex Allowed) nonsense, and now it seems CFTC has been told to finally get rid of market fairness.
Thats what I think. Others know more than I and have specific insight into the real reasons behind the
NFA ruling and now yours, rll send them if you like. I'm submitting this letter politely but sternly, your
decision will tell me if you are democratic or not, for I am sure you are not receiving any positive replies
to increasing margin to 10:1. Nobody will ask for that, but you can force it on us if you think thats good
business.
Grant Siddle,
Canada
~;.,.~.~::i~
Yahoo! Canada Toolbar
: Search from anywhere on the web and bookmark your favourite sites.
Download it now!
