Comments on: New forex Regulations? http://www.myylt.com/2009/11/30/new-forex-regulations/ Discussion of Forex Trading and Currency Trading Wed, 23 May 2012 14:31:00 +0000 http://wordpress.org/?v=2.3.3 By: The Geek http://www.myylt.com/2009/11/30/new-forex-regulations/#comment-20285 The Geek Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2009/11/30/new-forex-regulations/#comment-20285 Hmmm, if your broker is complying, i doubt you can even make the unapproved transaction. Why don't you check with your broker? Hmmm,

if your broker is complying, i doubt you can even make the unapproved transaction.

Why don’t you check with your broker?

]]> By: Jason Rogers http://www.myylt.com/2009/11/30/new-forex-regulations/#comment-20286 Jason Rogers Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2009/11/30/new-forex-regulations/#comment-20286 The broker is responsible for enacting the new rules into their platform, so your broker will be in violation of the rules if they allow you to do this, not you. The major regulations enacted by the NFA are no hedging, FIFO, and reduced leverage. Reduced leverage is the last rule to be enacted this year. It will go into effect on November 30th. The NFA has also released information on new regulations which will be issued for referring brokers; however, the CFTC has not given guidance yet on specifics. These rules will require referring brokers and money managers to become registered with the NFA amongst other things. The broker is responsible for enacting the new rules into their platform, so your broker will be in violation of the rules if they allow you to do this, not you.

The major regulations enacted by the NFA are no hedging, FIFO, and reduced leverage.

Reduced leverage is the last rule to be enacted this year. It will go into effect on November 30th.

The NFA has also released information on new regulations which will be issued for referring brokers; however, the CFTC has not given guidance yet on specifics. These rules will require referring brokers and money managers to become registered with the NFA amongst other things.

]]>