Comments came after the Swiss central bank scrapped currency peg
Sharon Bowen, a
commissioner at the Commodities Futures Trading Commission
(CFTC), has called on the US regulator to impose tougher
regulations for the retail foreign exchange market.
The CFTC commissioner
t is ironic, that following the enactment of Dodd-Frank, the
retail foreign exchange industry is the least regulated part of
the derivatives industry. I am concerned that lower
standards are putting this industry in a precarious position
and placing retail foreign exchange investors unnecessarily at
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