It would be so easy for FXCM to remedy this situation, by simply [B]voluntarily[/B] segregating their customers’ funds — while they push the regulators to require that [B]all[/B] brokers do the same.
Here’s one of my many previous posts on this subject — 301 Moved Permanently
One of the reasons that I hate the CFTC — instead of doing something [B]logical, obvious and necessary[/B] like requiring segregation of forex customer funds, they screw around with things like (1) restricting leverage, (2) prohibiting hedging, (3) imposing FIFO, and (4) prohibiting U.S. residents from trading offshore, either with foreign brokers or with foreign branches of U.S. brokers.
It’s time to dismantle the Nanny-State.