NFA Produces Compliance Webinar for Retail Forex Firms Since the CFTC passed its final rules on retail participation in off-exchange foreign currency markets back in October 2010, there has been an influx of newly registered introducing forex brokers (IBs), commodity pool operators (CPOs), and commodity trading advisors (CTAs).  On June [...]

**** NATIONAL FUTURES ASSOCIATION FOREX INVESTOR ALERT OCTOBER 18, 2010 New Forex Rules Become Effective on October 18 On August 30, the Commodity Futures Trading Commission (CFTC) issued its final rules regarding retail off-exchange foreign currency (forex) trading in the United States. The rules, which become effective on October 18, [...]

In a Notice to Members (NTM) issued today, the NFA provides guidance to certain players in the retail forex markets.  The NTM discusses some issues which the NFA has received inquiries about.  The guidance by the NFA is based on consultations with the CFTC staff. The NFA has done a [...]

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 [...]

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 [...]

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 [...]

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 [...]

www.hedgefundlawblog.com Text of the Cole-Frieman & Mallon LLP comment is provided below. **** [Footnotes ommitted] March 22, 2010 VIA ELECTRONIC MAIL AND COURIER Mr. David Stawick Secretary Commodity Futures Trading Commission 1155 21st Street, NW Washington, DC 20581 Re: Request for Comment on Proposed Regulation of Off-Exchange Retail Foreign Exchange [...]

Forex Managers Required to be Registered Under New Regulations The much anticipated off-exchange retail foreign currency regulations were proposed today by the CFTC.  The release announcing the publication in the Federal Register is reprinted below and can be found here.  We will be providing an overview of the major provisions [...]

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 [...]