(www.hedgefundlawblog.com) Overview of Forex Registration & Compliance Issues By Bart Mallon, Esq. In preparation for the implementation of the new retail forex regulations, the NFA recently conducted a retail forex registration and compliance workshop in Las Vegas at the Trader’s Expo.  The workshop covered a number of topics which the [...]

By Bart Mallon, Esq. (www.colefrieman.com) State Securities Agency Calls PAMM Accounts Securities Forex investment managers who offer forex separately managed account programs need to be aware of the risks of offering trading programs which use PAMM accounts.  PAMM accounts are functionally equivalent to “bunched” or “batched” order master accounts which [...]

Asks Congress to Increase Scope of Regulation for CFTC and NFA Last week various employees of the CFTC and the NFA talked with members of Congress regarding certain aspects of the markets regulated by these groups.  Below is testimony from the Chief Operating Officer of the NFA, Daniel Discroll.  In [...]

[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 [...]

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 [...]

Forex Firm Caught Operating a Ponzi Scheme The CFTC just announced that it charged a group out of Atlanta with operating a Ponzi scheme.  This is the first action the CFTC has brought against a forex firm for fraud.  At the beginning of last year Congress passed the Farm Bill [...]

Henderson Global Announces Forex Hedge Fund The British hedge fund manager will be launching a forex hedge fund in the first half of 2009.  The fund will be targeted towards institutional investors and will trade based on quantitative metrics.  The fund is expected to invest in G10 currencies and potentially [...]

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 [...]