FIA Opposes FINRA’s Proposed Leverage Limitation for Retail Forex

The FIA filed a comment letter with the Financial Industry Regulatory Authority on Feb. 20, 2009, to express its opposition to a proposed "leverage limitation" on retail foreign exchange trading. The proposed rule would apply to registered broker-de ...

FIA Supports Amendments to CFTC Conflict of Interest Practices

The FIA filed a comment letter with the Commodity Futures Trading Commission on Feb. 20, 2009 to express its support for proposed amendments to the CFTC's "Acceptable Practice" for compliance with the core principle on avoiding conflicts of interest. A ce ...

U.S. Government Affirms Support for Banking System

The five federal agencies that oversee the U.S. banking system, including the Treasury Department and the Federal Reserve, issued an unprecedented joint statement on Feb. 23 confirming their firm support for the U.S. banking system in general and "system ...

FIA Testifies on Draft Derivatives Bill before House Agriculture Committee

Washington, D.C.—Feb. 3, 2009—FIA President John Damgard testified before the House Agriculture Committee on Feb. 3 regarding the discussion draft of the Derivatives Markets Transparency and Accountability Act of 2009. Damgard expressed support for thos ...