Retail brokers win US leverage battle

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The US Commodity Futures Trading Commission (CFTC) buckled to pressure from retail traders by abandoning a proposal to reduce leverage to 10:1 from 100:1, in new rules published last night (August 30). The futures regulator said that final regulations concerning over-the-counter retail foreign exchange trading implement provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act and the Food, Conservation, and Energy Act of 2008. Under the new laws, the CFTC gains authority to

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