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The comment period for the CFTC’s additional customer funds protection proposal is now closed. But there will be additional opportunities to advance the cause of greater retail forex protections this summer. Yesterday, Senate Agriculture Committee Chairwoman Debbie Stabenow announced that...

The CFTC held another public roundtable on the PFG/MF Global customer protection proposals that are now open for comment: http://www.bloomberg.com/news/2013-02-05/mf-global-customer-funds-rules-get-another-cftc-hearing.html FXCM continues to advocate for greater FCM/RFED transparency...

The bankruptcy judge for the PFG Best case is expected to decide on the complaint filed by the forex/metals account holders at PFG. AP has an article out detailing the conflict between futures and forex customers: http://www.boston.com/business/marke...5VM/story.html Retail forex traders...

The CFTC has now extended its open comment period: http://www.cftc.gov/PressRoom/PressReleases/pr6493-13

The Futures Industry Association has submitted a comment letter to CFTC requesting the comment period be extended for one month due its concern that "increased costs imposed on FCMs will adversely affect the ability of many FCMs to compete effectively."...

The National Futures Association has put forth some additional customer "safeguard" rules in light of the of the bankruptcies of MF Global and PFG. Again, these are steps in the right direction but we believe requiring firms to publish a quarterly, audited financial statement to be a more...

FXCM has formally submitted its reform proposals to the CFTC for comment. We encourage everyone to contact CFTC as well to urge greater protections for the retail forex industry: http://comments.cftc.gov/PublicComme...m.aspx?id=1291 December 14, 2012 Via Mail and Electronic Submission...

I share your frustration. In the case of PFG, it was against the law to dip into customer segregated funds. Unfortunately, retail forex doesn't even have that protection. This is why we are urging customers to contact CFTC to include retail fx with this most basic of protections.

The CFTC has published some early comments regarding their additional customer funds protection proposals. Here is a sampling below: http://comments.cftc.gov/PublicComments/CommentList.aspx?id=1291 · From: Brandon Shoemaker Comment No: 58945 Date: 11/19/2012 Comment Text: Here are my...

Last week the CFTC released their latest rule proposal to the public regarding customer funds protection for the futures industry. Once again the CFTC is accepting comments from the public: http://comments.cftc.gov/PublicComments/CommentForm.aspx?id=1291 The comment period is slated to be...

The NFA has debuted its new financial reporting section on the BASIC search part of their website: http://www.futuresmag.com/2012/11/08/nfa-provides-public-online-access-to-fcm-financial While this is a step in the right direction it still does not provide the kind of hard data that would...

The CFTC is expected to formally submit their reform proposals to the federal register, which will once again give customers a chance to make comments. I’ll post a link once it is available. In the meantime, Futures Magazine has published an interesting article on conducting your due...

Chairman Gary Gensler put out a press release today announcing a series of reforms designed to afford customers greater protections in the futures industry. It does not appear retail forex has been included in these reforms but we'll learn more in the days ahead. Here are the highlights...

All customers must sign a risk disclosure form. But that certainly doesn't give a Futures Commission Merchant a license to commit fraud.

The CFTC has just announced they will be holding an open meeting to consider additional customer protections for the futures industry next Thursday. http://www.cftc.gov/PressRoom/PressReleases/pr6392-12 FXCM has been lobbying in Washington to extend such protections to retail forex...

In yesterday's hearing on Drohan Lee LLP's motion on behalf of PFG's retail forex customers Judge Carol Doyle advised the plaintiffs to file an "adversary" suit against the Trustee to force him to return the funds of PFG's forex customers...

In yesterday's hearing on Drohan Lee LLP's motion on behalf of PFG's retail forex customers Judge Carol Doyle advised the plaintiffs to file an "adversary" suit against the Trustee to force him to return the funds of PFG's forex customers...

The lawyers for PFG's Forex/Metals customers have just filed a motion designed to prevent creditors from laying claim to the funds of forex traders. The hearing for this motion is set for Thursday morning...

The Wall Street Journal is reporting that PFG's trustee is now going to address the status of PFG's retail forex customers: http://online.wsj.com/article/SB1000...googlenews_wsj Of further interest to traders in the article is the NFA's support for additional legal protections, although...

The Wall Street Journal is reporting that PFG's trustee is now going to address the status of PFG's retail forex customers: http://online.wsj.com/article/SB1000...googlenews_wsj Of further interest to traders in the article is the NFA's support for additional legal protections, although...