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Comment for Proposed Rule 75 FR 3281

  • From: Patrick Allgeyer
    Organization(s):

    Comment No: 5620
    Date: 2/28/2010

    Comment Text:

    i0-001
    COMMENT
    CL-05620
    From:
    Sent:
    To:
    Cc:
    Subject:
    stpatrick11@comcast, net
    Sunday, February 28, 2010 12:34 AM
    secretary
    [email protected]
    Regulation of Retail Forex
    To the Secretary for the RFTC, David Stawick:
    Hi my name is Patrick AIIgeyer and I have been trading the Forex Market for about a year now and I don't
    want you to change the leverage of 100/1 to 10/1 for several reasons. I feel that it is my right as an
    American citizen to be able to trade at this risk level. This level of leverage allows anyone who desires to
    make a living trading the freedom to do so. The identification number RIN 3038-AC61 should not be
    allowed to pass. This proposal puts at risk thousands of traders like myself of not being allowed to trade
    because we don't have the $10,000 that would be necessary to open an account. It has been my dream to
    trade my way out of working for someone else the rest of my life. You would in effect keep most people out
    of investing that have a desire to do so. I have made an investment learn to trade the forex and don't want
    that taken away from me. I feel like its part of the American dream to be able to follow that which makes
    you happy. I really do enjoy trading. There is nothing in the world quite like it. I believe that proposal RIN
    3038-AC61 should be defeated on the grounds that it would keep countless thousands from trading that are
    trading now and it would keep potential traders from ever starting.
    Patrick AIIgeyer