Comment for Proposed Rule 75 FR 3281
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From:
Lou Gregory
Organization(s):
Comment No:
973
Date:
1/20/2010
Comment Text:
i0-001
COMMENT
CL-00973
From:
Sent:
To:
Subject:
Lou Gregory
Wednesday, January 20, 2010 12:10
PM
secretary
Regulation of retail Forex
Dear Sir or Madam,
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
Lou Gregory
