From the category archives:

Forex

NFA Provides Guidance on Forex Registration Requirements

September 1, 2010

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 [...]

Read the full article →

Clarification on CFTC Final Retail Forex Regulations Forthcoming

September 1, 2010

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 [...]

Read the full article →

Commissioner Chilton Speaks on Retail Forex Regulations

August 31, 2010

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, [...]

Read the full article →

CFTC Releases Final Retail Forex Rules

August 30, 2010

New Regulations Effective as of October 18, 2010 The final retail Forex regulations (which requires registration for forex CTAs, CPOs and IBs) have been published in the Federal Register.  The final regulations will be effective as of October 18, 2010.  The regulations were adopted essentially as written with the execption of two major issues: Leverage [...]

Read the full article →

NFA Registration for Forex Managers with a Disciplinary Record

August 16, 2010

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 [...]

Read the full article →

Dodd-Frank Establishes New Laws Regarding Spot Commodities and Spot Forex

August 1, 2010

The Dodd-Frank Wall Street Reform and Consumer Protection Act (“Act”) has changed a number of laws in all of the securities acts including the Commodity Exchange Act.  Two specific changes deal with the certain transactions in commodities on the spot market.  Specifically, Section 742 of the Act deals with retail commodity transactions.  In this section, the [...]

Read the full article →

Forex Registration Workshop Announced

July 16, 2010

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 [...]

Read the full article →

New Forex Regulations: Overview of Public Comments

February 23, 2010

Leverage, Inaccessibility for Smaller Traders, and Offshore Threat are Focus of Public Comments As we’ve discussed in related posts, the CFTC has proposed rules regulating the off-exchange spot forex industry (see Retail FOREX Registration Regulations Proposed).  The CFTC has requested comments from the public and there are currently about 100 public comments on CFTC’s website written in [...]

Read the full article →

Recent Issues with NFA Annual Questionnaire

February 12, 2010

As we discussed in an earlier post on NFA Annual Questionnaire, NFA Member Firms are required to complete the questionnaire on an annual basis.  The information helps the NFA in a variety of ways and the NFA encourages members to update their questionnaire on a regular basis, although firms are only required to complete it, at [...]

Read the full article →

Eligible Contract Participant (ECP) Definition

January 15, 2010

The term “eligible contract participant” is important with regard to managers who provide advice on futures and commodities investments (including off-exchange spot foreign currency or “forex”).  In general there are exemptions from various CTA, CPO and IB registration provisions for those managers who only provide advisory services to those clients who fall within the definition [...]

Read the full article →

← Previous Entries