Comment Text:
i0-001
COMMENT
CL-08083
From:
Sent:
To:
Subject:
Scot F. Sarver
Tuesday, March 16, 2010 10:59 PM
secretary < secretary@ C FTC. g ov >
Regulation of Retail Forex
Secretary Gensler,
I am writing today to protest the possible implementation of a regulation that will force U.S.
Forex brokers to limit leverage used at 10:1. Iam currently an active Forex trader and I use
100:1 leverage in my trading. IfI have any problems with handling this amount of leverage, those
are of my own making and I do not wish the government to get involved "for my own good". If
there have been complaints by some that this is too much leverage and too risky, those
individuals should either not trade Forex or they should educate themselves on risk management
and asset allocation. Money flows to where it is treated best. If this regulation is implemented, this
will not only cost U.S. citizens who work for Forex brokers their jobs, but also drive significant
volumes of speculative investment capital offshore where it can be managed more according to the
individualspeculator's risk appetite and investment strategies. In sum, this regulation will hurt the
industry and cost this country jobs. It simply is nota good idea, regardless of the current
economic situation.
Thank You for your consideration in this matter,
Scot F. Sarver
133 Jay Ave
Morton, IL 61550
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