NEW YORK, Feb 09 (Reuters) – Rules proposed by the
regulator of U.S. futures markets to fight fraud in foreign
currency trades are too restrictive for retail trading firms
and could dramatically cut into the growing business, dealers
The Commodity Futures Trading Commission was given clearer
authority last month, in farm legislation passed by Congress in
2008, to go after foreign currency (forex) trading scams being
pulled off in the unregulated over-the-counter market.