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Friday, March 29, 2024 | Back issues
Courthouse News Service Courthouse News Service

New Foreign Currency Trading Rules Adopted

WASHINGTON (CN) - The Federal Deposit Insurance Corporation has adopted new rules covering foreign currency trading by regulated banks with retail customers.

Under the new rules, the banks must: register with the FDIC collect a margin of between 2 percent and 5 percent of the value of the trade from the customer, and retain records of the transaction.

Click the document icon for this regulation and others.

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