CFTC Releases Roundtable Transcript — The CFTC has released a transcript from the public roundtable that was held in August. http://www.cftc.gov/ucm/groups/public/@newsroom/documents/file/transcript080912.pdf While retail forex is absent from ...

CFTC Comment Period on Additional Customer Protections

Reuters Special Report on PFG — Reuters has just published an exhaustive two part special report on the fraud perpetrated by Russ Wassendorf. Wassendorf spent tens of millions of dollars on luxury items and in failed business ventures with ...

CFTC Comment Period on Additional Customer Protections

PFG Distributions Begin — The federal bankruptcy judge in the PFG case authorized a series of initial customer distributions today. url The fate of PFG's retail forex customers remains in doubt. The CFTC has yet to announce their proposed ...

CFTC Comment Period on Additional Customer Protections

NFA Moves Forward on Public Disclosure — The National Futures Association has added some additional public financial information on their BASIC search function effective September 1: url These actions are a step in the right direction. ...

CFTC Comment Period on Additional Customer Protections

The CFTC closed their comment thread. However, you can still send them comments by emailing [email protected]

CFTC Comment Period on Additional Customer Protections

PFG Losses Emphasize Need for Financial Disclosure — As regulators continue to investigate PFG news is coming out showing that the futures firm had been losing money for years: ...

CFTC Comment Period on Additional Customer Protections

I fear that "seperately" will mean "last." CFTC is trying to slow down the distribution process. But to date they have not commented on the state of the forex customers at PFG.

CFTC Comment Period on Additional Customer Protections

Forex Customers of PFG told to get in Line — Last week the Trustee of PFG's estate announced a series of limited distributions to customers of the bankrupt firm. Of interest to retail forex traders is that the estate is not making any current ...

CFTC Comment Period on Additional Customer Protections

CFTC To Announce Reforms Next Week — Next Wednesday morning the CFTC will be holding a meeting where they are expected to announce additional post-PFG customer protections. As I discussed in my previous post the absence of any language ...

CFTC Comment Period on Additional Customer Protections

A Quick Primer on Retail Forex Regulation — I've been asked why retail forex does not have seg funds protection and so I wanted to pass along this brief regulatory history of the retail foreign exchange market: In 2001 retail online currency ...

CFTC Comment Period on Additional Customer Protections

Retail Forex Not Part of New NFA Reforms — We've been told by the NFA that the instant "view only" bank account access that FCM's must now grant to the NFA is not applicable to Forex Dealers. In short, NFA is not requiring forex dealers ...

CFTC Comment Period on Additional Customer Protections

That may very well have been the CFTC's concern here. Another possibility is that they are close to an announcement regarding their new proposed reforms. In any case one can still voice their opinion by emailing [email protected] to show their ...

CFTC Comment Period on Additional Customer Protections

You can view existing comments at this link: url

CFTC Comment Period on Additional Customer Protections

The CFTC has cut off the comment period. Previously comments were open until October. You can still send them your feedback however by emailing [email protected]

CFTC Comment Period on Additional Customer Protections

Another Argument in Favor of Stronger Retail Forex Protections — Reading through comments here at Forex Factory and the CFTC a number of good points have been brought up regarding the need for additional protections. Alex Winters made the ...

CFTC Comment Period on Additional Customer Protections

Post-PFG Reforms Picking Up Steam — Two new developments in the last few days indicate that regulators are trying to get out in front of the safety of funds crisis that has gripped the futures/forex industry. However, these reforms may not ...

CFTC Comment Period on Additional Customer Protections

NFA and CFTC are futures regulators first and foremost. The Retail forex market is still very new and does not have the decades long relationship with regulators the way the futures industry does. This is why it is so vital that forex traders ...

CFTC Comment Period on Additional Customer Protections

The Case for Public Disclosure — Just read a very interesting comment letter to the CFTC by James Gellert of Rapid Ratings: http://comments.cftc.gov/PublicComments/ViewComment.aspx?id=58346&SearchText= Mr. Gellert makes the following comment ...

CFTC Comment Period on Additional Customer Protections

The original proposal was 10:1 leverage and that was not a negotiating ploy on their part. It was strongly supported inside CFTC. And it is very unlikely they would have compromised at 50:1 were it not for the 10,000 comments they received. I can ...

CFTC Comment Period on Additional Customer Protections

Hi Dick, While regulators have been slow on the customer protection front for retail forex the current insurance proposal by Commissioner Chilton gives forex customers a chance to ask that these same protections apply to the currency trading ...

CFTC Comment Period on Additional Customer Protections