Comment Text:
i0-001
COMMENT
CL-07560
From:
Sent:
To:
Subject:
Danie Erasmus
Monday, March 15, 2010 1:49 AM
secretary
REGULATION OF RETAIL FOREX
REFERENCE NO.: RIN 3038-AC61
Dear Sirs
I am a retail forex trader, and your proposed reduction of leverage to 10: 1, refers.
I am from South Africa and I trade forex through two USA brokers.
Kindly note that I strongly object to the proposed decrease in leverage. Should you proceed with introducing
reduced leverage, your actions will effectively block retail traders of average financial ability to partake in the
market. There are many people making a living from fx trading - why do you want to introduce change that will
once again benefit only the very rich?
I sincerely hope that the CFTC will discard this idea immediately.
Thank you.
Danie Erasmus
South Africa
+27 13 932 1511
