Retail FX May Face New Rules, Inspections After Swiss Shock

By Ed Beeson (January 16, 2015, 8:50 PM EST) -- U.S. and European regulators on Friday responded cautiously to the financial havoc that hit foreign exchange dealers after the Swiss franc shock, but these watchdogs likely will be out examining firms' risk controls and looking for ways to tighten regulations to safeguard customer assets and boost company capital, attorneys say.

The stunning move by the Swiss National Bank to no longer cap the Swiss franc's exchange rate against the euro continued to roil global markets Friday as the large U.S. retail forex dealer FXCM Inc. was forced to seek an emergency $300 million bailout from Leucadia National Corp. after client losses...

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