Comment Text:
i0-001
COMMENT
CL-00078
From:
Sent:
To:
Subject:
C.Z.
Friday, January 15, 2010 12:37 PM
secretary
Regulation of Retail Forex
To whom it may concern,
I am a Forex retail trader and I am totally opposed to the 10:1 leverage proposal by the CFTC. This
regulation will drive many of the "smaller traders" out of the markets entirely or to offshore
brokers.
The liquidity provided to the market by retail traders increase the efficiency of the markets.
Without them, or unfairly pricing them out of the markets will result in increased price volatility
overall and decrease the efficiency of the markets which is bad for everyone.
Please, I would like you reconsider this proposal.
Regards,
Juan Carlos Zamora.
