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]
