Comment for Proposed Rule 75 FR 3281
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From:
Jeff Webb
Organization(s):
Comment No:
936
Date:
1/20/2010
Comment Text:
i0-001
COMMENT
CL-00936
From:
Sent:
To:
Subject:
Jeff Webb
Wednesday, January 20, 2010 9:38 AM
secreta ry < secreta ry@ C FTC. g ov >
To whom it may concern,
Re: 10:1 Leverage for Retail Forex Traders
I OPPOSE!!!!!
I am a retail trader and I am strongly opposed to the 10:1 leverage proposal by the CFTC. This
regulation/requirement would make it virtually impossible for the small trader to trade. Such
regulation will result in thousands of people moving their trading accounts to offshore (ie
unregulated) brokers.
Unfairly pricing the small trader 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
J. Webb
