Trading-Gurus.com » Gary Gensler

CFTC Reduces Forex Leverage to 50 to 1 (Amongst Other Things!)

Jim — Tue, 31 Aug 2010 17:37:44 +0000

At long last the CFTC have revealed what changes they have in store for US retail forex traders. Their new regulations will come into effect on October 18th, and according to CFTC chairman Gary Gensler they:

More on CFTC Reduces Forex Leverage to 50 to 1 (Amongst Other Things!)

How Goldman Sachs Can Wreck Your Forex Account

Jim — Sat, 24 Apr 2010 16:31:15 +0000

The publicity battle over financial reform in the United States gets ever hotter. A variety of glossy magazines are currently sinking their teeth into Goldman Sachs following the news that the investment bank is under attack by regulators on both sides of the Atlantic. Although its articles are sprinkled with the word "alleged", Time seems to have already judged Goldman Sachs and the rest of Wall Street guilty as charged. In one article this weekend Time highlights the irony that Gary Gensler, a former Goldman Sachs partner and now chairman of the CFTC, is currently gunning for his previous paymasters. According to Time:

More on How Goldman Sachs Can Wreck Your Forex Account

Congressmen Question CFTC 10 to 1 Leverage Reduction

Jim — Thu, 04 Mar 2010 18:01:39 +0000

Is sounds as though some US congressmen have been reading some of the thousands of complaints the CFTC has received about its proposals to reduce leverage on spot forex from 100 to 1 down to 10 to 1.

More on Congressmen Question CFTC 10 to 1 Leverage Reduction