Subject: File No. S7-30-04
From: shahn barkhordarian
Affiliation: ind. invester

October 13, 2004

on one side we have hedge funds leveraged by a factor of 20 or more, muliple layers of leverage according to recent IMF report ,on the other side we have mutual funds with no leverage highly regulated, trading everyday counter each other,the leverage group do not want regulation they say we are pros and dont effect anybody else ,yahh right...all you have to do is look into future the way they are growing not only they will effect all traders everyday ,they will effect macroeconomics of U.S by establishing trends in every direction they want because of their size for short term profit that will not be reversable ever,we can not allow large poll of money with multiple layers of leverage be unregulated.
s. barkordarian