CFTC and NFA join forces
NEWS
WASHINGTON, DC -- US regulators the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) have joined forces in a bid to combat fraudulent currency traders.
The two regulators announced two weeks ago that the CFTC has approved a new NFA bylaw and rule to create a new type of membership category.
Under the rule, any company that derives 35% or more of its revenue as a counterparty to off-exchange foreign currency futures or options transactions with retail
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