The Forex Trading Blog

Keep you up to date on Forex Trading

  •  

    September 2010
    M T W T F S S
    « Aug    
     12345
    6789101112
    13141516171819
    20212223242526
    27282930  
  • META

  • Trading Solutions Free Demo!
    November 11th, 2009 by admin

    the cftc and nfa have new rules for firms and investors, such as the new fifo rule not allowing ppl to hedge, are there anything else, as an investor i should know about so i wont brake no laws

    The broker is responsible for enacting the new rules into their platform, so your broker will be in violation of the rules if they allow you to do this, not you.

    The major regulations enacted by the NFA are no hedging, FIFO, and reduced leverage.

    Reduced leverage is the last rule to be enacted this year. It will go into effect on November 30th.

    The NFA has also released information on new regulations which will be issued for referring brokers; however, the CFTC has not given guidance yet on specifics. These rules will require referring brokers and money managers to become registered with the NFA amongst other things.

    powered by Yahoo Answers

    Bookmark and Share

    2 Responses to “New forex Regulations?”

    The Geek Says:

    Hmmm,

    if your broker is complying, i doubt you can even make the unapproved transaction.

    Why don’t you check with your broker?
    References :

    Jason Rogers Says:

    The broker is responsible for enacting the new rules into their platform, so your broker will be in violation of the rules if they allow you to do this, not you.

    The major regulations enacted by the NFA are no hedging, FIFO, and reduced leverage.

    Reduced leverage is the last rule to be enacted this year. It will go into effect on November 30th.

    The NFA has also released information on new regulations which will be issued for referring brokers; however, the CFTC has not given guidance yet on specifics. These rules will require referring brokers and money managers to become registered with the NFA amongst other things.
    References :

    Leave a Reply