The American Dream Moves Offshore?
When I started writing this blog in the Spring of 2009 I put forward the proposition that thanks to the advent of the internet and online retail forex brokers it had become possible for anyone...
View ArticleCFTC Reduces Forex Leverage to 50 to 1 (Amongst Other Things!)
At long last the CFTC have revealed what changes they have in store for US retail forex traders. Their new regulations will come into effect on October 18th, and according to CFTC chairman Gary Gensler...
View ArticleNFA Starts Registering Forex Brokers and "Solicitors"
The CFTC final rules on the regulation of retail foreign exchange have now been officially published in the Federal Register. At the same time they have also authorized the NFA "to process and grant...
View ArticleInterbank FX Reveal Most Traders Lose Money
As we pointed out recently, the new CFTC regulations require all US spot forex brokers to use a much longer risk disclosure statement from October 18th 2010. As part of that risk disclosure: More on...
View ArticleNFA Guidance on CFTC's Final Forex Regulations
The National Futures Association has just issued additional guidance to it's members about the CFTC's Final Forex Regulations. In its latest notice to members the NFA says that: NFA staff has received...
View ArticleCFTC Sues FXOpen and 13 Other Forex Firms
We've previously pondered how the CFTC might go about enforcing the new forex trading regulations that came into force last October, and now we know one of the tactics they are going to employ....
View ArticleNew TradeStation Forex Subsidiary Announced
Last week the NASDAQ listed TradeStation Group announced that: With the launch of [its] new TradeStation Forex business, TradeStation will have transformed its forex offering from a fully disclosed...
View ArticleFXCM UK Fined $140,000 by the CFTC
Last October we wondered what steps the CFTC would be able to take to enforce the new forex trading regulations that had just come into force, particularly when it came to pursuing offshore brokers in...
View ArticleCFTC Sues British Registered Broker
Fresh from agreeing a settlement with FXCM's UK subsidiary, the CFTC has stepped up its campaign in the courts against "unregistered" RFEDs by announcing that it is bringing civil actions against...
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