Comment Text:
i0-001
COMMENT
CL-05417
From:
Sent:
To:
Subject:
Jordan Hayward
Wednesday, February 17, 2010 12:09 AM
secretary
Regulation of Retail Forex
Mr. Secretary,
The proposed changes restricting leverage from 100:1 to 10:1 is a major mistake and will only hurt those
personal individual investors rather than protect them. I understand your belief that by lowering the
amount of leverage an individual may utilize will protect them from extreme market fluctuation, but any
investor today using this investment avenue is keen to use common stop strategies. Protecting them
from losses greater than their initial investment. We are aware of the risks and continue to trade in these
markets. If you were to further restrict us in how we trade you will only throttle our ability to make a
living during these down economic times. Please reconsider your options in protecting investors and
withdraw this suggested regulation.
Regards,
Jordan Hayward
801-450-2575
j ordanhayward@gmail, com
