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- forexlawman replied Oct 3, 2010
You are quite correct that the CFTC will face serious challenges enforcing these provisions with respect to overseas entities. Note well that the Commodity Exchange Act and CFTC's final rules on retail forex explicitly make it illegal for ...
- forexlawman replied Oct 3, 2010
Can we still trade with such [non-bank offshore] brokers until July 2011? — Unregistered brokers cannot offer or enter into retail forex transactions with U.S. persons after October 18th, 2010. Foreign banks have until July 16, 2011 until they ...
- forexlawman replied Oct 3, 2010
What about trading with a non-bank market maker? — Directly with a bank, yes. If you use a broker that broker will have to be registered with the CFTC and NFA as either an FCM or RFED after October 18th, 2010. Please see this article as a ...
- forexlawman replied Oct 1, 2010
U.S. Retail Clients can Still Trade with Foreign Banks — U.S. retail clients can continue to trade with offshore banks until July 2011 without regard to the CFTC's leverage and hedging restrictions. This was confirmed by the CFTC. See this ...
- forexlawman replied Sep 29, 2010
Forex Funds will Face CFTC Restrictions come 2011 — We uncovered a provision buried in Dodd-Frank that will cause forex pools with retail investors to be subject to the CFTC's restrictions regarding counterparties, leverage and hedging. This ...
- forexlawman replied Sep 29, 2010
Forex Funds will Face CFTC Restrictions come 2011 — We uncovered a provision buried in Dodd-Frank that will cause forex pools with retail investors to be subject to the CFTC's restrictions regarding counterparties, leverage and hedging. This ...
- forexlawman replied Sep 7, 2010
Dodd-Frank 929Y and Extraterritoriality — A few points on Dodd-Frank Section 929Y. First, this is a mandate for the SEC to undertake a study with regard to the extraterritorial reach of the Securities Exchange Act. This is not directly related ...
- forexlawman replied Sep 3, 2010
Re: Registered overseas brokers — The CFTC would say that any broker, wherever based, has to abide by U.S. law with respect to their interaction with U.S. clients. An overseas broker registered with the CFTC as either an FCM or RFED has more ...
- forexlawman replied Sep 2, 2010
Spoke with the CFTC — The CFTC may well take the position that overseas forex intermediaries (brokers) are banned from entering into OTC forex contracts with U.S. based retail investors. This is based on a fairly strict reading of the CEA as ...
- forexlawman replied Sep 2, 2010
The CFTC may well take the position that overseas forex intermediaries (brokers) are banned from entering into OTC forex contracts with U.S. based retail investors. This is based on a fairly strict reading of the CEA as amended by Dodd-Frank. You ...
- forexlawman replied Sep 2, 2010
Spoke with the CFTC — Spoke with the CFTC. They disagree with your broker's position. We will be discussing this at length on GreenTrader's conference call this afternoon that I will be participating in. You can refer to this article at url ...
- forexlawman replied Sep 2, 2010
Spoke with CFTC — Hello to the thread and community, I spoke with the CFTC about this issue and will be participating on Green's conference call this afternoon. Please read the above mentioned article which can be accessed at url The CFTC ...
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