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Comment for Proposed Rule 75 FR 3281

  • From: Loralin Dewey
    Organization(s):

    Comment No: 7896
    Date: 3/16/2010

    Comment Text:

    i0-001
    COMMENT
    CL-07896
    From:
    Sent:
    To:
    Subject:
    Loralin Dewey
    Tuesday, March 16, 2010 1:21 PM
    secretary
    Regulation of Retail Forex
    DearCFTC,
    I am greatly concerned about proposed regulation curbing leverage in the Retail Forex market, per R1N
    3038-AC61. I am very much opposed to any legislation that would limit leverage in trading forex.
    While the CFTC has a role of protection and safety, such legislation would render U.S. traders
    completely noncompetitive in the world market, and may even drive traders off shore. I'm sure the
    CFTC would have even less impact or control under such circumstances.
    Thank you,
    Loralin Dewey