Posts tagged as:

Forex Dealer Member

NFA Makes Two Separate Announcements on New Forex Rules

December 10, 2008

(www.hedgefundlawblog.com) Today the NFA made two separate announcements regarding proposed new forex rules.  The announcements follow a series of similar announcements last week regarding new forex rules (see NFA Continues to Pursue Forex Regulation for Current Forex Dealer Members).  The first announcement dealt with additions to Compliance Rule 2-36 and related Interpretive Notice Changes.  The [...]

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Forex Managers and Managed Forex Funds

December 10, 2008

Many forex managers use a product called a managed forex fund, which is the equivalent to a mutual fund hedge fund.  In a “managed forex fund,” the manager will invest the assets under the POA with the forex dealer member in the managed fund.  The a trader or traders for the forex dealer member will [...]

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NFA Continues to Pursue Forex Regulation for Current Forex Dealer Members

December 5, 2008

Two new releases indicate that the NFA is serious about regulating the off-exchange foreign currency markets
On our sister website, www.forexlawblog.com, we have detailed the continued regulatory actions by the NFA with regard to the current regulation of the off-exchange forex markets.  The two notices, described in further detail below, apply to Forex Dealer Member and [...]

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NFA Increases Required Capital for Forex Dealers

October 25, 2008

Yesterday the NFA announced that Forex Dealer Members, those brokers who engage in Forex transactions with retail customers, will need to have a minimum net capital of $10 million by October 31, 2008.  This doubles the current minimum net capital of $5 million.
The NFA has been very aggressively moving to regulate the retail forex market.  [...]

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