Forex Program Announced by Introducing Broker (Press Release)
Forex Trading Pal Launches Rebate Program to Strengthen its Introducing Broker Status
(PRWEB) December 2, 2008 — Forex Trading Pal has recently launched its rebate program. On the Forex Trading Pal website you will find rebate offers that cannot be matched by most other introducing brokers and, also very important, Forex Trading Pal only works with [...]
Forex Hedge Fund Marketing - Discussing a Forex Hedge Fund with Potential Investors
Forex managers who wish to market their hedge funds will have a variety of different options for their hedge fund marketing campaign. The manager may with to establish a forex website for his investors, submit the fund’s results to a forex database, and network with potential forex investors through various industry events. Any such marketing [...]
What are some common terms for forex hedge funds (forex commodity pools)?
Many forex managers who decide to start forex hedge funds have a great understanding of their forex investment strategy but are not quite sure what should be the terms of their hedge fund. This article will provide an overview of some of the more common terms for a forex hedge fund (fees, lock-ups, withdrawals, etc). [...]
Introducing Brokers and Forex Introducing Brokers
Definition of Introducing Broker
The term “introducing broker” is defined in the Commodities Exchange Act:
The term “introducing broker” means any person (except an individual who elects to be and is registered as an associated person of a futures commission merchant) engaged in soliciting or in accepting orders for the purchase or sale of any commodity for [...]
Dunn v. CFTC
SUPREME COURT OF THE UNITED STATES
No. 95-1181
WILLIAM C. DUNN and DELTA CONSULTANTS, INC., PETITIONERS v. COMMODITY FUTURES TRADING COMMISSION et al.
on writ of certiorari to the united states court of appeals for the second circuit
[February 25, 1997]
Justice Stevens delivered the opinion of the Court.
California and Forex Regulation
California forex managers should research whether or not they will need to register with the CFTC because of the California Commodity rules. While the SEC and the CFTC / NFA currently do not regulate spot forex managers (except at the FCM level), many states (such as California) do attempt to regulate spot forex trading. Specifically, [...]
Forex Dealer Member – Defintion of Forex Dealer Member
This article focuses on the definition of a “Forex Dealer Member” as defined by the National Futures Association. This article will address the following items: (i) overview of Forex Dealer Members, (ii) NFA Bylaw 306, (iii) NFA Bylaw 1507(b), (iv) net capital requirements for Forex Dealer Members, (v) financial statements and (vi) other issues.
NFA Bylaw 306
BYLAW 306. FOREX DEALER MEMBERS.
(a) Except as provided in section (b), Members of NFA are Forex Dealer Members if they are the counterparty or offer to be the counterparty to forex transactions (as defined in Bylaw 1507(b)).
Advisory on Foreign Currency
The following advisory is from the CFTC website and can be found here.
Advisory on Foreign Currency
(Originally published as Advisory 06-01 on February 5, 2001)
The Commodity Exchange Act (the Act) was amended to make clear that it is unlawful to offer foreign currency futures and option contracts to retail customers unless the offeror is a regulated [...]