FOREX Traders Must Soon Be Registered to Continue Operations
October 7, 2010 by tgabeh · Leave a Comment
The U.S. Commodity Futures Trading Commission (CFTC) has published the final regulations concerning off-exchange retail foreign currency transactions. The rules implement provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act and the Food, Conservation, and Energy Act of 2008, which, together, provide the CFTC with broad authority to register and regulate entities wishing to serve as counterparties to, or to intermediate, retail foreign exchange (forex) transactions. Read more