Kristina Maalouf's blog

Kristina Maalouf's blog

New Forex Regulations: Overview of Public Comments

Leverage, Inaccessibility for Smaller Traders, and Offshore Threat are Focus of Public Comments

As we’ve discussed in related posts, the CFTC has proposed rules regulating the off-exchange spot forex industry (see Retail FOREX Registration Regulations Proposed). The CFTC has requested comments from the public and there are currently about 100 public comments on CFTC’s website written in response to the new rule. The comments mainly focus on:

Forex Industry Overwhelmingly Against Lower Leverage

Backlash Against CFTC Proposed Forex Regulations

Foreign Exchange Dealers Coalition (FXDC) Evaluates New CFTC Rules On New Website

FXDC Supports Registration Requirement, Strongly Opposes 10:1 Leverage Limit