The Commodity Futures Trading Commission ("CFTC") has issued a consumer warning to protect against foreign currency trading fraud. This warning contains helpful advice on how to avoid being a victim of trading fraud and can be accessed here.
Tactical Asset Management strongly advises those who are considering trading foreign currency contracts or investing in Foreign Currency Investments to review this warning.
The CFTC also advises those who are considering investing in the forex market to be aware that the CFTC has the jurisdiction to investigate and impose penalties on firms that are unregulated and/or are committing fraudulent acts.
Click here to read the CFTC's entire warning, which includes a Fraud Warning and an Info Brochure
In addition to CFTC disclaimers, the National Futures Association ("NFA") has published a brochure on investing in the off-exchange foreign currency market titled "Trading in the OTC Foreign Exchange Market". Please click here to download NFA's brochure.