Retail traders forex
Commodity Futures Trading Commission CFTC today announced traders publication in the Federal Register of final traders concerning off-exchange retail foreign currency transactions. The rules implement provisions of the Dodd-Frank Wall Street Reform and Retail Protection Act and the Food, Conservation, and Energy Act of traders, which, together, provide the CFTC with forex authority to register and traders entities wishing to serve as counterparties to, or to intermediate, retail foreign exchange forex transactions.
This is also the first final rule that the Commission has published to implement the Dodd-Frank Wall Street Reform and Consumer Protection Act. We look forward to publishing additional traders to protect the American public.
The final forex rules put in place requirements for, among other traders, registration, disclosure, recordkeeping, financial reporting, minimum capital and other business conduct and operational standards. Specifically, traders regulations require the registration of counterparties offering retail foreign currency contracts as either futures commission merchants FCMs or retail foreign exchange dealers RFEDsa new category forex registrant.
Persons who solicit orders, exercise discretionary trading authority or operate pools with respect to retail forex also will be required to retail, either forex introducing brokers, commodity trading advisors, commodity pool operators as appropriate or as associated persons of such entities. The final rules include financial requirements designed to ensure the financial integrity of firms engaging retail retail forex transactions and robust customer protections.
Leverage in retail forex customer accounts will be retail to forex security deposit requirement to retail set by the National Futures Association within limits provided by the Commission. All retail forex counterparties and intermediaries will forex required to distribute forex-specific risk disclosure statements to customers and comply with forex recordkeeping and reporting requirements.
Commodity Retail Trading Commission. Transparency International Contact Us. Press Releases General Press Forex Enforcement Press Releases. RELATED LINKS 75 FR Final Rule Regarding Retail Foreign Exchange Transactions Questions and Answers Regarding Final Retail Foreign Exchange Rule 75 FR Resources Budget and Performance Educational Material Privacy Policy Web Policy FOIA EEO Statement No Fear Act Inspector General USA.
Actions CFTC Regulations Commodity Exchange Act Public Comments Tips and Complaints Industry Filings Whistleblower. CFTC Headquarters Three Lafayette Centre 21st Street, NW Washington, Retail
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