Comment for Proposed Rule 75 FR 3281
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From:
Phil Lee
Organization(s):
Comment No:
2188
Date:
1/21/2010
Comment Text:
i0-001
COMMENT
CL-02188
From:
Sent:
To:
Subject:
Phil Lee
Thursday, January 21, 2010 7:59 PM
secretary
10:1
leverage limitation on Forex trading
Dear Secretary:
Please keep 100:1 leverage, may be you can limit number of lots that they can own
with limited margin.
10:1 leverage will severely limit my trading capabilities.
In fact, it will put me out of trading Forex permanently.
As a small investor, there is no way that I can trade in a 10:1 leverage environment
since the 1 lot (100,000) is a lot of money for small investors like me.
Definitely, I am against to 10:1 leverage.
Please keep 100:1 leverage, we do understand the risks.
100:1 to 10:1 change is to drastic for us.
Thanks.
Phil Lee
