Over the past decade, the domestic retail foreign exchange industry has enjoyed a tremendous growth spurt, and its prospects going forward are more promising than perhaps in any other sector of financial services. However, the CFTC's recent rule proposal, which would limit customer trading leverage to 10 to 1, would be a crippling blow to the industry and drive it offshore into the hands of foreign competitors. Even worse, it would encourage fraud both at home and abroad as customers seeking to trade retail forex would have no other legitimate domestic alternative.
Click here to learn more about the harmful rule changes that have been proposed by the CFTC.
