FINRA trying to close the retail forex market?

[Jon_n_Fl]

I wasn't sure where on the forum to post this so I decided to try here.

I got an interesting pdf from my Yahoo forex group. FINRA is attempting to reduce the amount of margin to 1.5 to 1! This is insane and would basically close the retail forex market!

I believe this would only effect U.S. brokers but if the U.S. get this through, how far behind would other countries be?

I'd really be interested in everyone's thoughts.

Thanks,
Jon

[FRiverola]

Dear Jon

I covered FINRA's request to establish a leverage limitation in my personal blog and I asked for opinnion to three top Retail Forex executives: Drew Niv CEO at FXCM, Thomas Plaut co-CEO at FX Solutions and James Green, Managing Director & General Counsel at FXDD.

You have such information here:

1. FINRA Requests Comment on Proposed Rule to Establish a Leverage Limitation for Retail Forex

2. Top Forex Executives Comments on FINRA’s Proposed Rule to Establish a Leverage Limitation for Retail Forex

3. Update - Top Forex Executives Comments on FINRA’s Proposed Rule to Establish a Leverage Limitation for Retail Forex. Thomas Plaut, Co-CEO at FXSolutions Comments

Francesc