Comment Text:
i0-001
COMMENT
CL-06735
From:
Sent:
To:
Subject:
Pontius, Kenneth Allen
Wednesday, March 10, 2010 3:41 PM
secretary
Proposed Regulations Regarding Retail FOREX Transactions, Release 5772-10
Dear Chairman Gensler,
Thank you for inviting comments on the proposed regulations regarding retail forex transactions.
I am an individual investor and I strongly support much of what your Commission is proposing. When I was choosing
a brokerage firm I was searching for many of the qualities and requirements that you set forth in your proposed
regulations. However, as an individual investor I am strongly opposed to your proposal to limit leverage in retail
forex customer accounts to 10-to-1.
I was able to start with a modest $400.00 account that allowed trades as small as $10.00. With the 100-to-1
leverage that I employ, I am able to grow my account on a consistent basis while minimizing the risk of losing a
substantial portion of my account through misjudgment. A limiting 10-to-1 ratio would be a great hindrance to my
continued and steady account growth.
Please consider small individual investors like me. We have taken the time and made the effort to learn to trade in
a non-live practice account, and then moved to a minimally funded account where we can use the 100-to-1 leverage
to expand our re-invested capital gains.
Thank you very much for taking the time to read and consider my email.
Best regards,
Kenneth A. Pontius
[email protected]
785.760.6954
