Comment Text:
10-002
COMMENT
CL-00239
From:
Sent:
To:
Subject:
Mike D'Ambrosia
Friday, April 2, 2010 4:20 PM
secretary
regulation of retail forex
To whom it may concern,
I am a retail trader and I am strongly opposed to the 10:1 leverage proposal by the CFTC. This
regulation/requirement will drive many of the "smaller guys" out of the markets entirely or to offshore
(ie unregulated) brokers.
The liquidity provided by retail traders increase the efficiency of the markets. Removing 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 reconsider this proposal.
Thank you
Michael D'Ambrosia
