US Online FX Trading Services Hit By New CFTC Regulations
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NEW YORK -- Online FX trading services in the US are rushing to register with the Commodity Futures Trading Commission (CFTC), following the enactment of new regulations that could bar them from forex trading.
The regulations, aimed at protecting retail investors, mean internet trading services cannot trade FX with counterparties with less than $10 million in assets.
Financial institutions and exchanges are not affected by the new regulations, while retail investors worth less than $10 million
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