U.S. Regulatory Agencies
Forex can be a very risky way to trade. Luckily, some of that risk is minimized by the regulatory agencies involved in monitoring the world of forex. Here are some of the top agencies that you should get to know.
Commodity Futures Trading Commission (www.cftc.gov)
The Commodity Futures Trading Commission (CFTC) has the jurisdiction and authority to investigate and take legal action to close down a wide assortment of unregulated firms offering or selling foreign currency futures and options contracts to the general public. In addition, the CFTC has jurisdiction to investigate and prosecute foreign currency fraud occurring in its registered firms and their affiliates. Significant new responsibilities will ...