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Comment for Proposed Rule 75 FR 3281

  • From: Lane Boyer
    Organization(s):

    Comment No: 8045
    Date: 3/16/2010

    Comment Text:

    i0-001
    COMMENT
    CL-08045
    From:
    Sent:
    To:
    Cc:
    Subject:
    Lane Boyer

    Tuesday, March 16, 2010 8:47 PM
    secretary
    l aneb@forexlevehcom
    Regulation of Retail Forex
    RIN 3038-AC61
    From: Lane Boyer in Valencia, CA
    I would like to say that the regulation of the forex xnarket leverage has already been cut down enough. It went from400:1 to
    100:1 which is significant. A cut from 100:1 to 10: l 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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