Comment Text:
i0-001
COMMENT
CL-06077
From:
Sent:
To:
Subject:
William Lane
Friday, March 5, 2010 9:54 AM
secretary
Regulation of Retail Forex
Dear Mr. Secretary,
I would like to comment on the proposed leverage change from 100 to 1 leverage to 10 to 1 leverage. I am a
college student who is about to embark on a PhD program in economics. A substantial part of my income which goes
to making tuition payments come from Forex profits; put simply, I cannot make those profits without high leverage.
Lowering the maximum allowable leverage would require me to put more money into my Forex account than I have
access to, thus lowering my returns and making tuition harder to pay.
Meanwhile, institutional traders will have no problem putting up more cash to back their trades, although I bet they
will be quite opposed to this change as well.
I do hope that this will be taken into consideration.
Thank you. Sincerely,
William G. Lane
