July 20, 2010
According to the 7/20/2010 Wall Street Journal Online as a result of the recent Financial Reform Bill a committee has been established to study the use of derivatives in fixed or steady income mutual funds. According to the article further regulation would increase costs to fundholders thus reducing yield. I have money in Nationwide Fixed Account in my 457 Plan. To include this type fund in any derivative regulation would hurt me and other small investors. This fund has given steady, reliable growth over several years. I urge you not to include these type funds in any further regulation. According to The Journal you will study this issue for 15 months before you make recommendations. I look forward to your response to my concern.