NFA demands clarity on OTC retail FX

- Gail Mwamba
- 05 Sep 2009

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WASHINGTON, DC - The US National Futures Association (NFA) is pushing for jurisdictional clarity of the retail over-the-counter foreign exchange market, in a bid to close regulatory loopholes.

"I am not concerned when multiple regulators have jurisdiction - I am much more concerned when no regulator has clear jurisdiction," said Daniel Roth, chief executive at the NFA in Washington, DC. "There has been confusion over regulatory jurisdiction regarding retail FX trading since the Commodity Futures

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