CFTC Unveils New Rules For Retail Forex Trading

Law360, New York (August 31, 2010, 11:21 AM EDT) -- The U.S. Commodity Futures Trading Commission has released proposed rules to tighten registration, oversight and capital requirements for off-exchange retail foreign currency transactions, kicking off the commission's yearlong rulemaking spree under the new Dodd-Frank financial regulatory reform law.

The CFTC on Monday published the proposed rules, which implement provisions of the recently enacted Dodd-Frank Wall Street Reform and Consumer Protection Act and the Food, Conservation and Energy Act of 2008.

Both laws grant the CFTC new powers to register and regulate entities looking to participate in...
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