Comment Text:
i0-001
COIMMENT
CL-06869
From:
Sent:
To:
Cc:
Subject:
Scott Roltsch
Friday, March 12, 2010 6:54 PM
secretary
[email protected]
Regulation of Retail Forex
RIN 3038-AC61
Regarding the proposed regulation maximizing trading leverage on Forex trading to 10 to 1, I must strongly
object. The system in place for covering margin calls is quite adequate and works well. There are electronic
safeguards built into the trading programs to prevent abuse and traders should be solely responsible for
understanding the effects of over leveraging their own accounts. In the age of electronic trading the market does
not need a regulation that may be appropriate for a market and trading accounts not so enabled. There is a good
system in place today. It does not need to be changed and it's ridiculous to attempt to regulate an obvious global
operation with local rules in any case. You will just force firms to move out of the US where there may be even
less regulation and additional potential for potential abuse.
Best regards,
Scott Roltsch
