Comment Text:
i0-001
COMMENT
CL-07667
From:
Sent:
To:
Cc:
Subject:
Sean Integlia
Monday, March 15, 2010 5:13 PM
secretary
[email protected]
'Regulation of Retail Forex'
Dear Mr. Secretary,
I am emailing you to communicate my concern and disagreement with the CTC proposed changes
to Retail Forex. I am a small trader with a small account. I have been trading Forex for a little over a
month.; I have studied the subject intensely. I can assure you that I do not trade like I am at a
casino. I use prudent money management, and practice a very tight risk management system. I
only risk 3% of my account equity. I don't think that you need to pass this to protect small retail FX
traders. If it passes, I will be forced to go to an overseas broker as I am sure many others will too.
You will also, by this measure, be sending many US Broker employees to the unemployment office,
not a good thing. The reason I trade FX instead of CME minis, is that I work/go to school and can
only position trade at the 5:00pm NY, NY close and hold the position overnight until the next day.
With the current margin requirements of holding the e-mini futures contracts overnight, I can not
afford to do this. RIN
3038-AC61
Thank you,
Sean M. Integlia
