Comment Text:
i0-001
COMMENT
CL-05862
From:
Sent:
To:
Subject:
Eric Platt
Wednesday, March 3, 2010 11:25 PM
secretary
Regulation of Retail Forex
March 3, 2010
David Stawick, Secretary
Commodity Futures Trading Commission
1155 21st Street, N.W.,
Washington, DC 20581
Dear Mr. Stawick,
I am a retail Forex Trader and I have done very well trading Forex.
I am opposed to the regulatory changes to reduce the leverage available to Forex traders from 100:1 to 10:1.
This regulatory change would wreak havoc on my current positions as well as any future positions.
I would go to whatever lengths necessary to maintain the current leverage requirements. If this means trading with a foreign
broker or moving to another country - I would do it.
This proposed changed would dramatically reduce the number and frequency of transactions and therefore the tax revenues
from these transactions.
Again, I am opposed to these proposed changes and I am asking you to reject these proposals.
Thanks you for your consideration in this matter.
Eric Platt
22112 Call of the Wild Rd.
Los Gatos, CA 95033
Home: 408-205-8781
Cell: 408-353-1167
