Comment Text:
i0-001
COMMENT
CL-08044
From:
Sent:
To:
Cc:
Subject:
Lane Boyer
Tuesday, March 16, 2010 8:45 PM
secretary
l [email protected]
Regulation of Retail Forex
RIN 3038-AC61
From: Lane Boyer in Valencia, CA
I would like to say that the regulation of the forex market leverage has already been cut down enough. It went from400:1 to
100:1 which is significant. A cut from 100:1 to 10:1 would be rediculous. I currently trade with a 10,000 balance of USD.
In order for me to continue to make any meaningful profit I need this leverage. I have a reason to only have 10,000 in the
account and that is to be conservitive of my capital. I would say that a much larger account would be at risk for larger losses.
Many, many, many people will be totally cut out of forex with the leverage change. I also have some strategies that I am
working on that require 100:1 leverage. I am absolutely willing to risk the capital in my account, so keeping the leverage high
will keep the balance requirements low. KEEP OUT OF FOREX MARGIN RULES!!!!
Thank You,
Lane Boyer
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