March 27, 2008 Supervision of Forex Promotional Materials: Effective Date of Amendments to the Interpretive Notice Regarding Forex Transactions NFA has received notice that the Commodity Futures Trading Commission (“CFTC”) has approved amendments to the Interpretive Notice entitled “Forex...
Small retail FX firms facing extinction April 7th, 2008 Felix Shipkevich, general counsel, and Anna Vidiaev, staff attorney, at online foreign exchange trading company Capital Market Services in New York say a proposed rise in capital requirements for retail brokers will result in an anticompetitive...
On July 23, 2008, NFA released a statement to their Forex Dealer Members (”FDMs”) advising that pursuant to CFTC Reauthorization 2008, the adjusted net capital will be increased to $20 million. The current adjusted net capital requirement for FDMs is $5 million. The increase will be phased in through $5...
Posted by Felix Shipkevich on Jul 25, 2008 Posted by
Felix Shipkevich on Jul 25, 2008 in
CFTC,
Uncategorized |
0 comments July 29th – The U.S. Commodity Futures Trading Commission (CFTC) announced today the that it filed an enforcement action against Robin States d/b/a Infinity Online Investors Group (Infinity) and his common-law wife, Bernadette Bowden, charging them with fraudulent solicitation and misappropriation of...
Posted by Felix Shipkevich on Jul 19, 2008 Posted by
Felix Shipkevich on Jul 19, 2008 in
Uncategorized |
0 comments On July 23, 2008, NFA released a statement to their Forex Dealer Members (“FDMs”) advising that pursuant to CFTC Reauthorization 2008, the adjusted net capital will be increased to $20 million. The current adjusted net capital requirement for FDMs is $5 million. The increase will be phased in...
Posted by Felix Shipkevich on Jul 18, 2008 Posted by
Felix Shipkevich on Jul 18, 2008 in
Uncategorized |
0 comments July 7, 2008 73 FR 38403 Request To Exempt Certain Over-the-Counter Swaps From Certain of the Requirements Imposed by Commission Regulation 35.2, Pursuant to the Authority in Section 4(C) of the Commodity Exchange...