Originally Posted by ;
if yourâ€overseas broker†is an unregistered affiliate of an FCM, as of October 18th, it'll have to be registered as an RFED or FCM, or move accounts to someone who is. If yourâ€foreign broker†has been a foreign bank, it could continue to function as a forex counterparty to US retail customers until July of following year. Security deposit/leverage rules will apply to all registered entities doing business with US retail clients.
So it clearly states that they don't have any power what so ever over foreign owned/operated brokerages like go markets. . .who...