Posts tagged as:

forex regulation

NFA Discusses Recent Forex Regulations

June 16, 2009

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 strategy.  I recently talked with a [...]

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NFA Takes Regulatory Aim at Spot Commodities Markets

June 9, 2009

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 the testimony, Mr. Discoll actually asks [...]

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Offshore Forex Brokers Race To Fill “Hedging” Gap

May 15, 2009

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 program.  In the forex hedging strategy [...]

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FINRA to Regulate Member’s Retail Forex Activities

January 27, 2009

Comments on Proposed Retail Forex Rules Sought
The Finanacial Industry Regulatory Authority (FINRA) requested comments on a proposed rule to limit the leverage available to retail investors trading in the off-exchange foreign currency (forex) markets.  The proposed rule would be applicable to FINRA member firms and would limit leverage in forex transactions to 1.5 to 1.  [...]

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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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