Day: February 13, 2011

CFTC Demarche on Non-US Forex Brokers

It’s not a news anymore that CFTC has sued 14 foreign brokers (and IBs) on January 26 in what they call a “nationwide sweep”. But only now I’ve really understood how stupid it all is, and not without the help of CFTC representatives (kudos to them for that!). According to the Dodd-Frank regulations that became enabled in October 2010, the foreign exchange companies that offer their services to US traders […]