The comment period for the CFTC’s additional customer funds protection proposal is now closed. But there will be additional opportunities to advance the cause of greater retail forex protections this summer. Yesterday, Senate Agriculture Committee ...

CFTC Comment Period on Additional Customer Protections

The CFTC held another public roundtable on the PFG/MF Globalcustomer protection proposals that are now open for comment: http://www.bloomberg.com/news/2013-02-05/mf-global-customer-funds-rules-get-another-cftc-hearing.html FXCM continues to advocate ...

CFTC Comment Period on Additional Customer Protections

The bankruptcy judge for the PFG Best case is expected todecide on the complaint filed by the forex/metals account holders at PFG. APhas an article out detailing the conflict between futures and forex customers: url Retail forex traders still have ...

CFTC Comment Period on Additional Customer Protections

The CFTC has now extended its open comment period: url

CFTC Comment Period on Additional Customer Protections

The Futures Industry Association has submitted a comment letter to CFTC requesting the comment period be extended for one month due its concern that "increased costs imposed on FCMs will adversely affect the ability of many FCMs to compete ...

CFTC Comment Period on Additional Customer Protections

The National Futures Association has put forth some additional customer "safeguard" rules in light of the of the bankruptcies of MF Global and PFG. Again, these are steps in the right direction but we believe requiring firms to publish a quarterly, ...

CFTC Comment Period on Additional Customer Protections

FXCM has formally submitted its reform proposals to the CFTC for comment. We encourage everyone to contact CFTC as well to urge greater protections for the retail forex industry: url December 14, 2012 Via Mail and Electronic Submission Mr. David ...

CFTC Comment Period on Additional Customer Protections

The CFTC has published some early comments regarding their additional customer funds protection proposals. Here is a sampling below: http://comments.cftc.gov/PublicComments/CommentList.aspx?id=1291 · From: Brandon Shoemaker Comment No: 58945 Date: ...

CFTC Comment Period on Additional Customer Protections

Last week the CFTC released their latest rule proposal to the public regarding customer funds protection for the futures industry. Once again the CFTC is accepting comments from the public: ...

CFTC Comment Period on Additional Customer Protections

It does not.

CFTC Comment Period on Additional Customer Protections

You're correct. Although NFA does provide a link to net capital requirements for forex dealers on the Basic Site.

CFTC Comment Period on Additional Customer Protections

The NFA has debuted its new financial reporting section on the BASIC search part of their website: url While this is a step in the right direction it still does not provide the kind of hard data that would provide traders (particularly retail ...

CFTC Comment Period on Additional Customer Protections

Due Diligence Red Flags — The CFTC is expected to formally submit their reform proposals to the federal register, which will once again give customers a chance to make comments. I’ll post a link once it is available. In the meantime, Futures ...

CFTC Comment Period on Additional Customer Protections

CFTC Announces Reform Proposals — Chairman Gary Gensler put out a press release today announcing a series of reforms designed to afford customers greater protections in the futures industry. It does not appear retail forex has been included in ...

CFTC Comment Period on Additional Customer Protections

CFTC to Make Announcement on Enhanced Customer Protections — The CFTC has just announced they will be holding an open meeting to consider additional customer protections for the futures industry next Thursday. url FXCM has been lobbying in ...

CFTC Comment Period on Additional Customer Protections

PFG Forex Customers to File Suit against Trustee — In yesterday's hearing on Drohan Lee LLP's motion on behalf of PFG's retail forex customers Judge Carol Doyle advised the plaintiffs to file an "adversary" suit against the Trustee to force ...

US broker PFGBest freezes funds after founder's suicide attempt

PFG Forex Customers to File Suit Against Trustee — In yesterday's hearing on Drohan Lee LLP's motion on behalf of PFG's retail forex customers Judge Carol Doyle advised the plaintiffs to file an "adversary" suit against the Trustee to force ...

CFTC Comment Period on Additional Customer Protections

PFG Forex/Metals Customers Make Their Case — The lawyers for PFG's Forex/Metals customers have just filed a motion designed to prevent creditors from laying claim to the funds of forex traders. The hearing for this motion is set for Thursday ...

CFTC Comment Period on Additional Customer Protections

PFG Trustee to Focus on Forex Customers Next — The Wall Street Journal is reporting that PFG's trustee is now going to address the status of PFG's retail forex customers: url Of further interest to traders in the article is the NFA's support ...

CFTC Comment Period on Additional Customer Protections

PFG Forex Customers Still at Back of the Line — The PFG bankruptcy proceedings are turning into a tragedy for PFG's retail forex customers who may now be forced to stand by and watch their funds be used to reimburse customers who traded ...

CFTC Comment Period on Additional Customer Protections