Comment for Proposed Rule 75 FR 3281
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From:
Willie Tan
Organization(s):
Comment No:
925
Date:
1/20/2010
Comment Text:
i0-001
COMMENT
CL-00925
From:
Sent:
To:
Subject:
Willie Tan
Wednesday,
January 20, 2010 6:45 AM
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
Willie
