Most modern day forex brokers offer a wide range of financial instruments that include currencies, commodities, metals, options, and CFDs. The main job of the CFTC is to regulate forex brokers who provide brokerage services for all types of commodities that include oil, precious metals, agricultural commodities, and other types of futures Under the same legislation, the establishment of certified futures associations was granted, which enabled the founding of the NFA as an independent association to oversee Forex trading and to direct brokers to register with CFTC and become members of the NFA (See NFA registered brokers here). Washington, D.C. - The Commodity Futures Trading Commission today announced the filing of a civil enforcement action in the United States District Court for the Middle District of Florida against 10 defendants in a multi-level $4.75 million off-exchange foreign currency (forex) Ponzi scheme. The CFTC says that because Highrise, Green Knight, SR&B, King Royalty, and Bull Run solicited funds for the purpose of trading Forex in pooled accounts, each acted as a commodity pool operator (CPO) while operating a commodity pool in its own name. At no time during the Relevant Period were any of these entities registered with the CFTC as CPOs. A Forex broker who's smart about trading can help those who want to get involved. These professionals in the trading world value both their customers and their own reputations. Since an honest broker will share knowledge and expertise, we've researched the top U.S. Forex brokers for you to look into Before entering the foreign exchange (forex) market, you should define what you need from your broker and from your strategy. Learn how in this article. The forex (FX) market has many similarities to the equity markets; however, there are some key differences. This article will show you those differ IG offers tight spreads and lets you access over 80 currency pairs with leverage as high as 1:50, but the platform is far from risk-free. Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our opinions or reviews. Lear
This was one of the biggest news last year - CFTC sued 14 forex firms (and then 11 more) for various infringements of its laws including accepting US clients. Some firms (offshore ones) decided to ignore this all together and keep accepting American clients, some stopped accepting them but didn't settle and some managed to settle the case.
02/06/2020 23/10/2020 CFTC-monitored Forex brokers must always follow their criteria and abide by their guidelines. While Forex continues to expand in the US, FX firms are trying to penetrate this market to get their 06/11/2020 The CFTC says that because Highrise, Green Knight, SR&B, King Royalty, and Bull Run solicited funds for the purpose of trading Forex in pooled accounts, each acted as a commodity pool operator (CPO) while operating a commodity pool in its own name. At no time during the Relevant Period were any of these entities registered with the CFTC as CPOs. 13/11/2020
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The commitment of traders report, which from now on, we will refer to as the CoT for convenience, is a series of reports gathered by the CFTC (U.S. Commodity Futures Trading Commission) on a
Oct 14, 2011 · The CFTC also is permitted to regulate any person soliciting retail forex transactions, including introducing brokers, as long as the person is not regulated by the SEC or a banking regulator. SEC and Other Regulators. Under Dodd-Frank the SEC now has express authority to adopt rules regulating forex dealers that are broker-dealers.
The commitment of traders report, which from now on, we will refer to as the CoT for convenience, is a series of reports gathered by the CFTC (U.S. Commodity Futures Trading Commission) on a
Nevertheless, the CFTC has made trading in the forex market safer for many people and has also investigated and prosecuted a number of forex fraud related cases. In some cases, defrauded investors have even recovered part or all of their funds thanks in large part to the CFTC’s legal efforts and involvement in a case.
The rules implement provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act and the Food, Conservation, and Energy Act of 2008, which, together, provide the CFTC with broad authority …