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By Charlie Delano
Director of Government Affairs, FXCM
Last year, Congress passed the Commodity Futures Trading Commission (CFTC) Reauthorization Act of 2008 which clarified the CFTC’s authority to create rules and regulations for the retail forex industry in the United States.
The new law has far ranging implications for all retail forex referring brokers. For the first time, Referring Brokers and managers will be subject to licensing requirements by the CFTC and will have to operate in accordance with government rules and regulations.
Newsletter
Director of Government Affairs, FXCM
Last year, Congress passed the Commodity Futures Trading Commission (CFTC) Reauthorization Act of 2008 which clarified the CFTC’s authority to create rules and regulations for the retail forex industry in the United States.
The new law has far ranging implications for all retail forex referring brokers. For the first time, Referring Brokers and managers will be subject to licensing requirements by the CFTC and will have to operate in accordance with government rules and regulations.
Newsletter
