Comment Text:
i0-001
COMMENT
CL-08525
From:
Sent:
To:
Cc:
Subject:
Kris Hayde
Thursday, March 18, 2010 5:36 PM
secretary
[email protected]
Regulation of Retail Forex - RIN 3038-AC61
Dear Sir/Madam,
I am writing to urge you NOT to change the leverage down to 10-1 for the forex markets. This would have too
significant a detrimental impact on the not just the overall market, but many individual trading accounts.
However, if the decision is made to change, then I urge you to give traders 6-12 months to adjust their positions,
otherwise, an enormous change such as this would mean many people would lose S000's simply because of the
leverage change. Traders would need to time to adjust their strategies, close trades, etc, to avoid losing large
sums of money already invested.
Yours sincerely,
Kris Hayde
