Comment Text:
i0-001
COMMENT
CL-01611
From:
Sent:
To:
Subject:
Scott Wolfe
Thursday, January 21, 2010 8:18
AM
secretary
Regulation of Retail Forex
Identification number RIN 3038-AC61
Dear CFTC personnel,
I am greatly concerned about what is happening with the proposed regulation for margin requirements. I
strongly believe that people should learn how to use margin correctly. Even though I don't use a very heavy
margin myself, when margin is regulated, then I would get margin calls at inappropriate levels the way I
currently trade. This will drive my business out of the country along with the majority of traders. I don't think
the ramifications of this legislation are fully understood. Please leave additional regulation out of this. The
problems that happen with speculation occur with the holding of long term contracts and position traders are
pro's that use very little margin anyway. Short term trading is essential for providing market consistency and
liquidity. This regulation is about to very negatively affect the markets and produce additional market bubbles.
Sincerely,
Scott Wolfe
