NFA Provides Guidance on Forex Registration Requirements
Bart Mallon, Esq. - Mallon P.C.
(www.forexregistration.com)
NFA Releases Notice Regarding Forex Registration
As we discussed in our post yesterday about outstanding issues with retail forex regulations, the NFA posted guidance regarding the final retail forex regulations passed by the CFTC earlier this week. In general, the notice answers a few of the questions regarding implementation of the regulations, [...]
Clarification on CFTC Final Retail Forex Regulations Forthcoming
Bart Mallon, Esq.
(www.forexregistration.com)
NFA to Issue Guidance on Regulations
Now that the CFTC has finalized the retail Forex regulations the Forex community will now set forth to figure out exactly what will be happening next. Today I called the NFA to get clarification on a couple of items with respect to the new regulations and I was [...]
NFA Registration for Forex Managers with a Disciplinary Record
In January 2010, the CFTC proposed rules regarding regulation of retail off-exchange foreign currency (forex) products. It received over 9,000 comments relating to the forex rules and will start publishing final rules this fall. One component of the proposed rules requires all forex account managers and pool operators to register with the CFTC as forex [...]
Dodd-Frank Forces CFTC to Adopt Retail Forex Regulations
Forex Registration Rules to be Finalized Soon
The Dodd-Frank Wall Street Reform and Consumer Protection Act (“Act”) amends the Commodity Exchange Act to include a new Section 2(c)(2)(E) which requires to the CFTC to finalize the proposed retail forex regulations within 90 days from the passage of the act. This means that the forex registration [...]
NFA President Discusses Forex Regulations
NFA to Appear at Forex Trading Expo
The NFA recently released its investor newsletter where it discusses some of the recent regulatory actions and other industry news. In this newsletter the NFA specifically discussed a couple of recent interviews featuring NFA President Dan Roth. The NFA also noted that they will be participating in the Forex [...]
Forex Registration Workshop Announced
NFA to Discuss Forex Registration in Vegas
The NFA announced a workshop to inform forex managers about the various registration and compliance matters that managers will need to be especially aware of during the registration process. While we do not yet know what the final rules will look like, we do know a few things and [...]
Forex Commodity Pools
(www.forexlawblog.com)
Information on Forex Hedge Funds
The CFTC proposed rules early in 2010 that would require, among other things, managers engaged in providing investment advice with respect to retail forex to register with the CFTC and become members of the NFA. Those rules are expected to be promulgated sometime within the next 6-12 months and, accordingly, retail [...]
FXDC Firms Comment on Guaranteed IB Proposal
FXCM, FX Solutions, Interbank FX, and OANDA Provide Feedback on CFTC Forex Proposal’s New Guaranteed Introducing Broker (IB) Rule
The new CFTC Forex Proposal contains a proposed requirement for all introducing brokers (IBs) to be guaranteed by one futures commission merchant (FCM). Prior to the proposition of these rules, IBs were allowed to be either independent [...]
NFA Indicates Support of Higher Leverage for Retail Forex
By Bart Mallon, Esq.
(www.forexregistration.com)
At the NFA regulatory conference at the beginning of this month, the topic of the first session was the current regulatory and legislative changes which are currently taking place in the industry. Perhaps not surprisingly, the panel (which included NFA’s Dan Driscoll) completely avoided any discussion of the CFTC proposed forex regulations [...]
Senator Orrin Hatch Comments on Proposed Forex Regulations
“Concerned” about “severe impact” of regulations
On March 9, 2010, Utah Senator Orrin G. Hatch submitted a comment letter to the CFTC regarding the proposed retail forex regulations. Senator Hatch takes the stance that the CFTC should not reduce the levergage requirement from 100:1 to 10:1.
“I am told this provision may result in many retail Forex [...]