Nice point... it's a way of making every Joe outside of the USA go long on dollars to invest with these guys who can target them as customers and then they can survive with the same or less capital requirement... if it's too expensive at the theater then we go to the drive-in...?
Hope you see where I am coming from...
GVI Forex john 11:45:21 GMT - 03/11/2014
The NFA is floating a proposal to impose capital requirements on CTAs and CPOs. While I feel that the NFA has the best of intentions, the net impact of this proposal would be to drive fledgling fund managers out of business. Imposing capital requirements would only increase the cost of doing business because presumably those funds would have to be maintained at some level and thus not be available for operating expenses as proposed.
I feel the net result of this proposal would be to drive new and small entrants out of business and would have no impact on fraudulent operators who have been operating illegally outside of the limits of the law.
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