Comment Text:
i0-001
COMMENT
CL-08389
From:
Sent:
To:
Subject:
James Smith
Thursday, March 18, 2010 12:25 AM
secretary
Regulation of Retail Forex
RE: RIN 3038-AC61
Dear Mr. Stawick:
I understand that the CFTC is considering new regulations on the
retail forex market which is proposes changes in leverage to 10: 1. In
my point of view, this rule is an unfair proposal and will put an end
to the retail forex trading industry.
If this regulation is approved the unregulated forex dealers overseas
will be the beneficiaries of this leverage rule. It will hurt the US
brokers and other financial businesses.
I recommend you to make your regulation more rational as this affects
thousands of traders all over the world.
Thank You!
James Smith
