Comment Text:
i0-001
COMMENT
CL-06696
From:
Sent:
To:
Subject:
Brandon Schmolze
Tuesday, March 9, 2010 6:31 PM
secreta ry < secretary@ C FTC. g ov >
Regulation of Retail Forex
Concerning RIN
3038-AC61
Please do not regulate the margin requirements of US retail FOREX
traders.
Hi, I am a US citizen and a retail FOREX trader. I agree with Andrei Pehar, Chiel Currency
Strategist at fxKnight.com when he says:"I am not opposed to regulation nor regulatory agencies.
But that regulation needs to be
fair, transparent, and open to public input.
Otherwise it
becomes corrupt and self-serving. Sure high leverage can get you into trouble if used
thoughtlessly. Sure hedging when not done properly turns one loss into two. But I believe the cure
is EDUCATION, not restricting what people can and cannot do with their investment decisions.
Guide, don't dominate - government was invented to protect people and their property, not to limit
their potential."
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