The US House just voted to repeal DODD FRANK

Professional4X
Professional4X
Jun 09, 2017 at 04:47
667 Views
4 Replies
Professional4X
Professional4X
Member Since Jan 05, 2016   1097 posts
Jun 09, 2017 at 04:47 (edited Jun 09, 2017 at 04:47)
I just noticed on CNN that The House just voted to repeal Dodd Frank.

Any thoughts on how this is going to impact US Brokerages and US based traders?

http://money.cnn.com/2017/06/08/news/economy/house-dodd-frank-repeal/index.html

If it looks too good to be true, it's probably a scam! Let the buyer beware.
Message
dmaggio
dmaggio
Member Since Feb 07, 2016   23 posts
Jun 09, 2017 at 13:05
If so I guess they would remove FIFO and the non-arbitrage requirement.
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mlawson71
mlawson71
Member Since Dec 11, 2015   1462 posts
Jun 09, 2017 at 15:16
They'll certainly be regulated a lot more loosely now.
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stian
stian
Member Since Nov 14, 2015   315 posts
Jun 09, 2017 at 17:41
Might make the US slightly more competitive internally, and maybe internationally (where the US brokers are miles behind many other countries due to cost and trading options), but the end result of this depends on the regulations.
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rob559
forex_trader_29148
Member Since Feb 11, 2011   1768 posts
Jun 11, 2017 at 06:37
more broker choice for us traders woul be a great news
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