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FCMReform

Joined Aug 07, 2012

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Anyone burnt by PFGBEST's closure?

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 provide the same instant bank account access that Futures Commission Merchants provide. ...

3367

Aug 31, 2012 at 21:17

Anyone burnt by PFGBEST's closure?

[b]CFTC Nearing Decision on FCM Reforms?[/b]The CFTC has recently closed the comment period that was associated with the Public Roundtable on PFG:https://comments.cftc.gov/PublicComments/CommentList.aspx?id=1250This could mean that CFTC is nearing a decision and is about to announce their planned re...

3367

Aug 29, 2012 at 20:15

Anyone burnt by PFGBEST's closure?

Thanks for the note Raiden. Appreciate it.

3367

Aug 29, 2012 at 20:13

Anyone burnt by PFGBEST's closure?

Reading through the comments at the CFTC a number of good points have been brought up regarding the need for additional protections. Alex Winters made the following comment to the CFTC: https://comments.cftc.gov/PublicComments/ViewComment.aspx?id=58421&SearchText= [Quote]Forex traders should...

3367

Aug 27, 2012 at 18:55

Anyone burnt by PFGBEST's closure?

[B]Post-PFG Reforms Gaining Momentum[/B]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 extend to the retail forex market.On Friday the Nationa...

3367

Aug 21, 2012 at 06:18

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