CFTC Weighing Tighter Retail Forex Rules After FXCM, Massad Says
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U.S. derivatives regulators are weighing tighter oversight of retail currency brokerages’ overseas units after FXCM Inc. was hobbled by client losses last month.
The Commodity Futures Trading Commission is considering restricting how much firms can be exposed to highly-leveraged trades made by clients outside the U.S., Chairman Timothy Massad said in Washington on Wednesday.