SEC's Aguilar frustrated by forex rule-making delay

07/12/2013 | Reuters

The Securities and Exchange Commission should not delay Dodd-Frank Act rule making designed to protect retail customers from risks relating to trading off-exchange foreign-currency contracts, SEC member Luis Aguilar says. "It is simply not acceptable for the commission to continue to delay the fact-finding and decision-making process," Aguilar said. "Though retail forex transactions may provide benefits, they can pose great risks to investors." The SEC has postponed finalizing the forex related rules until 2016.

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