Sep 10, 2010 · The Commodity Futures Trading Commission has adopted final rules regarding over-the-counter foreign currency (forex) transactions with retail customers. Dec 20, 2017 · On Friday, December 15, 2017, the Commodity Futures Trading Commission (CFTC) issued a proposed interpretation of the term “actual delivery” for purposes of determining whether certain virtual currency transaction could be deemed “retail commodity transactions” subject to the CFTC’s jurisdiction under the Commodity Exchange Act (CEA). § 5.1 Definitions. § 5.2 Prohibited transactions. § 5.3 Registration of persons engaged in retail forex transactions. § 5.4 Applicability of part 4 of this chapter to commodity pool operators and commodity trading advisors. The CFTC is considering ways to boost its oversight of foreign-exchange dealers catering to mom-and-pop retail investors in the wake of the near-collapse of broker FXCM last month after A retail foreign exchange dealer (RFED) is an entity that acts, or offers to act, as a counterparty to an off-exchange foreign currency transaction with a person who is not an eligible contract participant and the transaction is either: a futures contract, an option on a futures contract or an option contract (except options traded on a
US Government interventions. In August 2008, the CFTC set up a special task force to deal with growing foreign exchange fraud. In January 2010, the CFTC proposed new rules limiting leverage to 10 to 1, based on "a number of improper practices" in the retail foreign exchange market, "among them solicitation fraud, a lack of transparency in the pricing and execution of transactions Jun 06, 2012 · Generally, forex transactions (other than forex swaps) will not count towards the Rule 4.13(a)(3) trading limitations, unless the fund is a retail customer.4 A pooled investment vehicle with assets under management of at least $10 million and that is operated by a registered CPO or a CPO relying on Rule 4.13(a)(3) will generally not be treated
commodity option or leverage transaction; or retail forex or commodity transactions as further defined in the CEA. The definition also includes any entity or person that registers with the CFTC as a CPO for whatever reason. CPO Registration Requirements. Absent an available exemption, a firm that falls (3) "Dealer" means any person that (i) holds itself out as a dealer in forex or in retail commodity transactions as defined in 2(c)(2)(D) of the Act; (ii) makes a market in forex or in retail commodity transactions as described in 2(c)(2)(D) of the Act; (iii) regularly enters into forex or in retail commodity transactions as described in 2(c)(2 Unlike the regulated futures and options exchanges, there is no central marketplace in the retail off-exchange forex market. Instead, individual investors commonly access the forex market through individual financial institutions - or dealers - known as “market makers.” Sep 10, 2010 A retail forex transaction is one between an eligible counterparty and a retail customer. Prior to the passage of the CFTC Reauthorization Act of 2008 (CRA), which modifies the For example, SEC-registered brokers or. Off-exchange trading of foreign currency futures or options with retail customers on designated contract markets or derivatives transaction execution facilities. of the newly-amended Act (CFMA Section 101(3)) for the definition of "Eligible Jul 11, 2013 forex is the largest area of retail fraud that the CFTC oversees). 4 The CEA's definition of ECP generally comprises regulated transaction in foreign currency that is a contract of sale of a commodity for future delivery (or. May 26, 2016 Interested persons should be aware that as of that date, any broker or A retail forex transaction includes an agreement, contract, The Commission and the CFTC adopted rules under the CEA that further define “eligible
The CFTC is considering ways to boost its oversight of foreign-exchange dealers catering to mom-and-pop retail investors in the wake of the near-collapse of broker FXCM last month after A retail foreign exchange dealer (RFED) is an entity that acts, or offers to act, as a counterparty to an off-exchange foreign currency transaction with a person who is not an eligible contract participant and the transaction is either: a futures contract, an option on a futures contract or an option contract (except options traded on a Jun 13, 2001 · commodity option or leverage transaction; or retail forex or commodity transactions as further defined in the CEA. The definition also includes any entity or person that registers with the CFTC as a CPO for whatever reason. CPO Registration Requirements. Absent an available exemption, a firm that falls Jan 15, 2018 · Series 34: The Series 34 is an exam and license required for individuals seeking to engage in off-exchange forex transactions with retail customers. It is part of the registration and A commodity pool operator (CPO) is an individual or organization that operates a commodity pool and solicits funds for that commodity pool. A commodity pool is an enterprise in which funds contributed by a number of persons are combined for the purpose of trading futures contracts or options on futures, retail off-exchange forex contracts, or Oct 01, 2013 · Unlike the regulated futures and options exchanges, there is no central marketplace in the retail off-exchange forex market. Instead, individual investors commonly access the forex market through individual financial institutions - or dealers - known as “market makers.”
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