Comment Text:
i0-001
COMMENT
CL-08885
From:
Sent:
To:
Subject:
John Blattler
Monday, March 22, 2010 3:53 PM
secretary < secretary@ C FTC. g ov >
Regulation of Retail Forex
To the CFTC Secretary,
Regarding the proposed changes to the margin requirement in the matter of foreign exchange
currency trading I must indicate my disagreement to such a proposal. To change the
requirement from 100:1 to 10:1 isa direct affront to small traders. In being involved in with
such trading activity each individual is informed of such risk through the disclosures made by the
company offering the trading opportunity. It is incumbent upon the individual to determine the
amount of risk one is able to withstand in any trading no matter investment venture one is giving
attention to.
All the proposed change does is cut out the small trader leaving only major entities to participate
in this type of trading. Not only does this discourage the small trader and curtail his trading
activity, it will also harm the broker offering such services as their account numbers will diminish
as the small trader disappears from their books. Ata time when the economy is in downturn is
no time to change regulation which in turn will diminish revenue in the industry.
John Blattler
4 Mores Creek Rd.
Boise,
ID
