http://www.forexlawblog.com Forex laws by forex lawyers, forex registration, forex regulations, forex disclosure documents and forex news Wed, 01 Sep 2010 18:30:07 +0000 http://backend.userland.com/rss092 en 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 ... http://www.forexlawblog.com/nfa-provides-guidance-on-forex-registration-requirements/ 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 ... http://www.forexlawblog.com/clarification-on-cftc-final-retail-forex-regulations-forthcoming/ The CFTC just released a statement by Commissioner Chilton regarding the new retail Forex regulations.  The full statement is reprinted below and can also be found here. **** “Rules to Rein in a Racket” Statement by Commissioner Bart Chilton on the Release of New Retail Forex Rules In recent years, mini-Madoff ponzi scams have proliferated, targeting ... http://www.forexlawblog.com/commissioner-chilton-speaks-on-retail-forex-regulations/ 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 ... http://www.forexlawblog.com/nfa-registration-for-forex-managers-with-a-disciplinary-record/ 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 ... http://www.forexlawblog.com/dodd-frank-forces-cftc-to-adopt-retail-forex-regulations/ NFA Brings Action Against Forex Manager for Failure to Cooperate A forex CTA and CPO firm was prohibited from conducting business by the NFA for failure to cooperate with an NFA investigation.  As a reminder to all forex managers, if the NFA institutes an action or inquiry you should cooperate fully ... http://www.forexlawblog.com/forex-manager-prohibited-from-doing-business/ 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 ... http://www.forexlawblog.com/nfa-president-discusses-forex-regulations/ 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 ... http://www.forexlawblog.com/forex-registration-workshop-announced/ (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 ... http://www.forexlawblog.com/forex-commodity-pools/ Another scam...see press release, reprinted below. **** CFTC Charges California-Based Highlands Capital Management, LP and Glenn Kane Jackson with Defrauding Customers in an Off-Exchange Foreign Currency Scheme Washington, DC - The U.S. Commodity Futures Trading Commission (CFTC) today announced the filing of an enforcement action charging Highlands Capital Management, LP, based in San ... http://www.forexlawblog.com/cftc-uncovers-another-forex-hedge-fund-scam/