Comment Text:
i0-001
COMMENT
CL-07609
From:
Sent:
To:
Cc:
Subject:
trade@j ohnthetrader, co.uk
Monday, March 15, 2010 9:24 AM
secretary
[email protected]
'Regulation of Retail Forex'
Dear Sir
With regards the proposed 'Regulation of Retail Forex' changes.
The proposed reduction of the current leverage of 100:1 to 10:1 would instantly preclude all small traders and
leave the market exclusively to the financial institutions. This would be curtailment of public freedom and would
put be US markets further into the clutches of those who caused the recent financial disaster.
Further it will cause traders to take their business out of the country (maybe to less regulated locations) which can
only harm the US economy.
Therefore I most strongly object to the proposed changes.
John Humphris
