Comment Text:
i0-001
COMMENT
CL-08357
From:
Sent:
To:
Subject:
gwoeitat@streamyx, com
Wednesday, March 17, 2010 10:29 PM
secretary
'Regulation of Retail Forex'
identification number : R1N 3038-AC61
Dear Sir/Madam,
In regards to the new 10:1 leverage proposed by CFTC, we are strongly disagree with this proposal.
It seems like the rightful opportunity for the not so wealthy people to trade in forex has
been stripped away, and it is against the objective of CFTC in avoiding anti-competitive environments.
Isn't Microsoft was punished in Europe for its anti-competitive, monopoly strategy? Why it is
happening in this country which claims itself as a land full of opportunity? This move seems to be
moving in the opposite direction. Furthermore, it makes the rich becomes richer and let the poor and the
average with no other alternative source of income to create.
We sincerely hope that this proposed leverage would not happens.
WoeiTat
