A very interesting piece of news:
US Retail Forex Oversight Lacks Consistency
By Sarah N. Lynch Of DOW JONES NEWSWIRES
WASHINGTON (Dow Jones)–U.S. regulators are stepping up oversight efforts of the retail foreign exchange market, but a lack of uniformity could give some firms a competitive advantage.
The U.S. Commodity Futures Trading Commission and the Financial Industry Regulatory Authority, the self-regulatory body for securities brokers, have both floated proposals that have triggered opposition from the retail forex industry. The proposals aim to protect investors by forcing them to post more collateral to cover potential losses.
Also, I just found another relevant Forex voice giving his support to CFTC’s 10:1 Leverage Cut proposal. It
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