Comment Text:
i0-001
COMMENT
CL-07925
From:
Sent:
To:
Subject:
Lee S. Chung
Tuesday, March 16, 2010 2:06 PM
secretary
Regulation of Retail Forex
Identification Number: RIN 3038-AC61
To Whom It May Concern:
In regards to the new proposed regulations by the CFTC on the retail forex market, specifically about a change in
leverage to 10:1, my company and I STRONGLY OBJECT. As a Commodity Pool Operator, we feel that the new
regulation would hurt our business and cripple us from being competitive in the global Foreign Exchange
market. Requiring more collateral for our trades would significantly put more capital at risk and sizably reduce
the returns that we are able to achieve. I hope that you strongly take this into consideration and have carefully
evaluated all the negative macro and microeconomic effects that this will have, specifically on U.S. retail
investors, the U.S. financial industry and institutions, and the U.S. economy as a whole. Thank you.
Sincerely,
Lee S. Chung
Chief Operating Officer/Chief Investment Officer
FISHGATE CAPITAL
15455 Dallas Parkway
Suite 600
Addison, TX 75001
Office: 972-764-2700
Mobile: 214-924-1193
Fax:
972-767-3553
Email:
[email protected]
Web:
www.fishgatecapital.com
DISCLAIMER:
This email and all its contents, attachments, and fullness thereof are intended only for the designated recipient/s. If you
have received this email in error, please immediately notify the sender and discard the email. Emails from Fishgate Capital
may contain privileged or proprietary information. Disclosing such information to any other persons or entities is
prohibited. Fishgate Capital may prosecute any entity or persons whom distribute, release, disclose, reveal or illegally use
the information they have received via email to the furthest extent of the law.
