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Comment for Proposed Rule 75 FR 3281

  • From: Todd Hayen
    Organization(s):
    Auraboros Inc

    Comment No: 2839
    Date: 1/22/2010

    Comment Text:

    i0-001
    COMMENT
    CL-02839
    From:
    Sent:
    To:
    Subject:
    Todd Hayen
    Friday, January 22, 2010 4:15 PM
    secretary
    Regulation of Retail Forex
    I realized I did not
    have the
    "R" in
    the reference
    number in
    my first email so I wanted
    to be
    sure you got
    this to
    the
    right person. Thank
    you.
    RIN 3038-AC61
    NO ON 10:1 LEVERAGE!!
    I have been involved in forex trading for four years. Believe me, I have not be
    trading
    for four
    years, most of that time I have been studying. After learning about forex and the opportunities
    the large leverages allowed I was determined to learn everything I needed to learn to be an
    excellent trader. So I studied, and I studied hard. This is a business to me, not some
    casual "internet investment" entertainment. I take this seriously, and I have devoted quite a bit
    of serious time and effort to build the skills I needed to trade in a very volatile, and yes, very
    dangerous, market.
    I feel it is within my right to make these decisions myself regarding the leverage that I used
    when opening an account and placing trades. Anyone who has done any sort of homework
    regarding this market knows how seriously burned they could get if they are not careful and
    informed in their choices. Changing the maximum leverage to 10:1 would essentially destroy
    the retail forex market as people like me, who take it seriously, would find no use in applying
    so much time and effort on something with so little potential. Please do not make this change
    and destroy my dream of trading the forex as a living.
    Thank you.
    Todd Hayen
    Auraboros,
    Inc.
    10917 McVine Ave.,
    Sunland, CA 91040
    V: 818.528o4331 l M: 818o216o9128 l
    F: 818.450o0410
    http ://www. n e lid ova re co rd s. co rn
    [email protected]