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CFTC Legislation
- Thread starter leveraged
- Start date
on WHAT?!
Sorry I was not clear for those involved in FX trading.
The propsed rules by CFTC can be found here -> 17 CFR Parts 1, 3, 4, 5, 10, 140, 145, 147, 160, and 166 Regulation of Off-Exchange Retail Foreign Exchange Transactions and Intermediaries
weblink_ http://www.cftc.gov/ucm/groups/public/@lrfederalregister/documents/file/2010-456a.pdf
Specificly however, what is of most concern in the proposal is the lowering of leverage to 10:1 for retail accounts.
The propsed rules by CFTC can be found here -> 17 CFR Parts 1, 3, 4, 5, 10, 140, 145, 147, 160, and 166 Regulation of Off-Exchange Retail Foreign Exchange Transactions and Intermediaries
weblink_ http://www.cftc.gov/ucm/groups/public/@lrfederalregister/documents/file/2010-456a.pdf
Specificly however, what is of most concern in the proposal is the lowering of leverage to 10:1 for retail accounts.
Quote from Gcapman:
Fucking Moron!
yup, sorry my crystal ball was off. CFTC has quite a few proposed plans. Just wanted to make sure we were on the same page here.
BTW, that's the pot calling the kettle black. You can't even operate an FXCM account without crying about how the market stole .0001 of a pip from you. Yeah i've got .10 for you if you really want it. No sense in post 100 messages about it.
There's more spare change under the seats of my car than the kinda thing you're whining about.