Comment Text:
i0-001
COMMENT
CL-04589
From:
Sent:
To:
Subject:
JOANNE THOMPSON
Saturday, January 30, 2010 1:14 PM
secretary
Regulation of Retail Forex
Whereas I recognize and accept the importance of regulation that strengthens Forex industry
oversight, I agree with policing and regulating the industry, as was Congress' intent when
empowering the CFTC to create additional rules. However, I do not agree with policies that
might clearly disadvantage firms in the United States which in turn disadvantage me, the client.
Therefore, I am writing to voice my opinion.
The proposed CFTC changes that would implement important consumer protection
regulations, I firmly favor. However, one of the proposed changes that would radically lower
Forex leverage from 100:1 to 10:1 for all NFA and CFTC regulated Forex firms I strongly
oppose.
Joanne Thompson
703-921-0784
