(www.hedgefundlawblog.com) Meta Trader 4 – Online Forex Trading Platform Meta Trader 4 is an online trading complex designed to provide broker services to customers at forex, futures and CFD markets.  This is a whole-cycle complex, which means that the trader will not need any other software to organize his/her broker [...]

Answers Regarding Prohibition of Hedging Spot Forex Transactions (www.hedgefundlawblog.com)  The NFA has certainly taken a lot of heat over its controversial rule to ban the practice of “hedging” in a single spot forex account.  Many retail investors have already begun establishing brokerage accounts offshore in order to utilize this trading [...]

Proposes Amendments to Bylaw 301(a)(iii) On June 9th, 2009, the National Futures Association (NFA)  submitted to the Commodity Futures Trading Commission (CFTC) proposed amendments to NFA’s Bylaw 301(a)(ii) regarding eligibility for membership.  The proposed addition states that if any member fails to have at least one principal that is registered [...]

NFA Compliance Rule 2-43 Outlaws Forex “Hedging” For NFA Registered Forex Dealers (www.hedgefundlawblog.com) The new forex regulations have affected the industry in a number of ways.  Rule 2-43 especially has been a source of ire for some forex managers who have utilized a “hedging strategy” as part of their investment [...]

Overview of Series 30 Exam The Series 30 exam is a National Futures Association sponsored exam which is required for those persons who are branch office managers of a NFA member firm (see our post on CPO and CTA Branch Office Information).  Generally if a NFA Member firm (such as [...]

[http://www.hedgefundlawblog.com] No New Information on Forex Regulations I have been getting more and more questions regarding forex registration and unfortunately I have not had much to say because there has been little information coming from the CFTC.  The NFA has done a good job of anticipating what those rules will [...]

This week alone the Commodities Futures Trading Commission issued 5 separate press releases regarding various frauds and ponzi schemes.   As we have noted many times before investors should make sure they conduct adequate due diligence into their managers.  It also goes without saying, but managers should not engage in fraudulent [...]

Below are a list of the articles which are devoted to forex hedge funds and the regulations involved in the off-exchange foreign currency markets.  Please contact us if you would like to start a forex hedge fund or if you would like information related to the forex registration requirements. Forex [...]

By Bart Mallon, Esq. www.series34exam.com Discussion about How to Take and Pass the Series 34 Exam On Thursday I took the Series 34 Exam and I passed.  I answered 30 out of 40 questions correctly for a 75% (it takes a 70% score to pass).  This score is not as [...]

(www.hedgefundlawblog.com) Creating Series 34 Exam Prep Materials One central issue in the investment management industry is increases in regulation of previously unregulated or lightly regulated activities.  The major area which will see direct regulation within the next 12 months is the retail off-exchange foreign currency industry.  As we have discussed, [...]