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NFA To Ban Credit Card Or PayPal Deposits To Retail Brokerage Accounts

|Includes:KeyCorp (KEY), LYG, MCQEF, MNXBF, MNXBY, MS, MSFT, MTU, NTRS, OXPS, PNC, PNSN, RBS, RJF, RY, SAN, SCGLY, SCHW, STT, SWQGF, TD, TRAD, TRI, UBS, USB, WFC

The NFA (and those lobbying it) clearly looking to kill the Retail FX sector in the U.S.

NFA logoLeapRate Exclusive -- LeapRate has learned that the NFA (the self-regulatory body of the U.S. futures industry) has sent a Request-for-Comments letter to various industry members regarding its plan to ban the use of credit cards or "alternative funding mechanisms" such as PayPal to fund retail customer accounts.

For more details, including the full text of the NFA's Request-for-Comments letter, see LeapRate's Forex Industry News at leaprate.com.

For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.

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