20.01.2010 - Foreign currency dealers to oppose CFTC retail forex rules
From Dow Jones: A coalition of retail foreign currency dealers is gearing up to fight a new proposal from U.S. regulators that they say could destroy the retail foreign exchange market by forcing traders to provide more security against potential losses. The Foreign Exchange Dealers Coalition released a letter late last week expressing opposition to a key part of a sweeping proposal by the U.S. Commodity Futures Trading Commission that would bring extensive oversight to the retail foreign currency market....................................Full Article: Source
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