ASSOCIATION
CFTC Attack on Forex

The CFTC released their new forex trading rules on Aug. 30, 2010.

Sept. 30, 2010 Podcast
Click here for streaming mp3 file (78:00 length).
Subject: Updates on new CFTC forex rules, FTT, Bush tax cuts, trader tax and more
For a full description of this podcast, read our related blog on Oct. 1, 2010 "U.S. retail forex traders have 270-extra days to trade forex with foreign banks, versus non-RFED forex brokers."

Sept. 23, 2010 Podcast
Click here for streaming mp3 file (80:00 length).

Subject: Offshore retail forex trading accounts are being forced back to the U.S.
New blog articles on this subject:
Sep 23 10 - Offshore retail forex trading accounts are being forced back to the U.S.

Sept. 2, 2010 Podcast
Click here for streaming wmv file (85:00 length).
Subject: New CFTC forex trading rules were released on Aug. 30.

New blog articles on this subject:
Sep 01 10 - Can American off-exchange retail forex traders evade strict new CFTC rules by trading on offshore platforms? Forbes version.
Aug 31 10 - New CFTC forex trading rules call for 50:1 leverage. Forbes version.

New CFTC forex trading rules coming soon may hurt many forex traders.

In January 2010, the CFTC proposed new draconian rules for forex traders, a fast-growing segment of the trading industry. The CFTC comment period expired, and the 2010 Dodd-Frank Financial Reform Bill gives the CFTC until Oct. 19 to promulgate these rules. If the CFTC doesn't act on time, retail forex trading is banned in the U.S. The CFTC proposed rules include 10:1 leverage, a draconian reduction from the existing 100:1 leverage allowed by retail forex brokers in the U.S. Many foreign brokers allow 100:1 and even 200:1 leverage. This drastic change is expected to cause havoc on American retail forex traders. Many mistakenly believe they can easily move their forex trading accounts to foreign platforms, but the CFTC has extraterritorial powers to enforce their rules on Americans outside the U.S. too.

Robert Green has written many blogs on the new CFTC forex rules.
Click here to see the CFTC forex rules section of our blog.
Robert has several Forbes blog versions of these blog articles too.

Aug. 12, 2010 Webcast: Forex trading after Dodd-Frank Fin Reg and expected new CFTC rules soon.
Click here for Windows Media Player file (103MB, 75:00 length).
Our special additional guest was Charlie Delano, director of government affairs for FXCM.

One of the most important discussions we have throughout this Webcast is whether or not American forex traders can seek refuge from the CFTC’s new regulations by trading forex on foreign platforms. We address the pluses and minuses of forming personal tax and regulatory vehicles abroad to trade foreign markets. It’s fully taxable and reportable in the U.S. and your state, but will it provide regulatory relief? Read the full summary.

Aug. 5, 2010 Podcast
Click here for mp3 file (streams quickly).

Green discusses how the Dodd-Frank Fin Reg bill affects forex trading, prop trading and other issues of importance to traders. Read the full summary.

July 29, 2010 Podcast
Click here for mp3 file (streams quickly).

We covered forex tax treatment and elections, proposed rules to reduce forex leverage to 10:1, trader tax status and business treatment, IRA conversions and trading in retirement plans, Section 475 MTM elections, dealer versus trader status, and more.