Well said. My only worry would be that eventually FSA goes along with this crazy scheme. We can’t take that chance. We gotta kill this proposal in the crib!
Well, thanks, but my questions in the last post were not just rhetorical. I would actually like to know what kind of punishments and enforcements the CFTC is actually capable of. Is it possible for U.S. brokers just to say, screw your regulations?
Alpari US has also sent out an email asking traders to complain about this through email or the form on the website. I hope more brokers do this as well before it gets passed and we all get screwed over. If this does happen will it mean that if we are in the US we cant even open an account in Europe with a broker to escape the regulations?