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Comment for Proposed Rule 75 FR 3281

  • From: Kirk G Norwood
    Organization(s):

    Comment No: 8677
    Date: 3/20/2010

    Comment Text:

    i0-001
    COMMENT
    CL-08677
    From:
    Sent:
    To:
    Subject:
    Kirk Norwood
    Saturday, March 20, 2010 8:59 AM
    secretary
    "Regulation of Retail Forex 3038-AC61"
    David Stawick,
    The 10-1 leverage would drive millions if not billions of US investment Dollars to other countries.
    If the 10-1 leverage passes, it would stop the USA from being a player in the largest financial market in the world.
    I am involved with 100's of other traders that are looking to move there accounts out of the country if the 10-1
    leverage passes. It would make it impossible for a retail market trader to make a profit or even a living.
    thanks
    K. Grant Norwood