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

Posted on January 28, 2009 at 10:58 in Forex, NFA new requirements by Francesc

Good morning everyone

I just got this from our compliance officer Mr. John Putman

“FINRA is proposing changes in max leverage for its members. It’s a little unclear right now how many of the current US based brokers would actually fall under this proposed regulation but it could definitely have an affect.

http://www.finra.org/Industry/Regulation/Notices/2009/P117744

Regulatory Notice 09-06

FINRA Requests Comment on Proposed Rule to Establish a Leverage Limitation for Retail Forex; Comment Period Expires: February 20, 2009

Executive Summary

FINRA is requesting comment on a proposed rule prohibiting any member firm from permitting a customer to: (1) initiate any forex position with a leverage ratio of greater than 1.5 to 1; and (2) withdraw money from an open forex position that would cause the leverage ratio for such position to be greater than 1.5 to 1.”

Thanks John!

Francesc

Tags: FINRA, Forex Leverage, Forex Positions, Forex Traders

One Response to “FINRA Requests Comment on Proposed Rule to Establish a Leverage Limitation for Retail Forex”

on 25 Oct 2009 at 4:14 am1Rehan

Let me thanks, dear i have financail leverage ratio as 1:7 and operational leverage as 1:3.5 and total leverage is as 1:5.5, please it is related to me or not?

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