Comment Text:
i0-001
COMMENT
CL-06778
From:
Sent:
To:
Subject:
D H JORDAN
Thursday, March 11, 2010 6:00 PM
secretary
"Regulation of Retail Forex"
Dear Sir or Madame,
We are writing in regard to the proposed new regulations concerning retail foreign currency transactions.
We realize that many of the proposed changes would implement some important consumer protection regulations.
However, we also feel that one of the proposed changes would severely impact us in a very negative way due to the
current recession. We have suffered a large loss in our retirement accounts (as have many other Americans), and it
has become increasingly difficult to keep our financial retirement goals on track. The Forex market, as it is currently
structured, allows us to perhaps recoup some of our losses in a timely manner...our age does not provide us the
luxury of many years for investments to grow. Therefore, we implore you to maintain the Forex leverage ratio at
100:1 as it exists today.
If the leverage ratio is reduced from 100:1 to 10:1 for all NFA and CFTC regulated Forex firms, small investors like
ourselves, would not only be forced to keep a much larger investment account with our brokerage firm, but would
also realize much smaller returns per transaction.
Thank you for your time and consideration of this matter.
Sincerely,
Brian Lindley and Donna Jordan
Estes Park, Colorado
