CFTC wants Dodd-Frank regulation for retail FX
Commissioner Sharon Bowen wants more oversight
Regulation of the retail foreign exchange industry should be brought in line with the rules that have been established throughout the entire derivatives industry in the form of the 2010 Dodd-Frank Act, says the Commodity Futures Trading Commission (CFTC).
Sharon Bowen, a commissioner at the US regulator, said in a statement on January 21 that following the pressures many retail FX brokers have faced as a result of the surprise decision by the Swiss National Bank (SNB) to remove its 1.20 floor on
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