Dodd-Frank rules To really outlaw retail gold, silver trading?

A Forex.com overreaction? or outlaw retail gold and silver trading is around the corner?
Francesc

Dodd-Frank rules outlaw retail gold, silver trading?
by MarketWatch
Forex.com has reportedly warned clients they will no longer be allowed to trade over-the-counter precious metals, including gold and silver under Dodd-Frank regulations taking effect next month.

Online Broker Says No Dodd-Frank Link To Ceasing Gold, Silver CFDs
SYDNEY -(Dow Jones)- Online brokerage CMC Markets PLC (CMCM.LN) said Monday there is no link between the decision of its Australian branch to stop offering some gold and silver derivative products and post-financial crisis regulatory reforms in the U.S.

OPINION: Dodd-Frank regs go too far
By Judd Gregg at The Hill
On July 16, over 200 new rules and regulations are going into effect as a result of the Dodd-Frank financial “reform” bill.
This will not be a good experience for our economy. It will hurt job creation and our international competitiveness. Other than the corporate bar, I cannot think of anyone this side of Harvard Law School who is looking forward to this explosion in regulatory excess.

Views: 80

Tags: CFTC, Dodd Frank

Comment by Francesc Riverola on June 21, 2011 at 11:23am
so this is serious....
Comment by John E. Putman II on June 22, 2011 at 3:44am
My understanding of the reg is, unless the person is going to take physical delviery, there can be no trading. They're trying to, it seems to me, eliminate the speculative trading. The problem with that is, speculation also provides liquidity. I'm all for regulation, but I think this is over-reaching. Way over.
Comment by Francesc Riverola on June 22, 2011 at 9:08am
Comment by Francesc Riverola on June 27, 2011 at 10:28am

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