There is a thing called civil disobedience. What we do is as a group go to off shore brokers openly and become affiliates for them. Im looking at the wording and trying to find the difference between an affiliate and an IB. But my guess is if you just have a banner on your website are you advertising or soliciting? Two very different things. But I am interested on peoples take as to where is the line from being an IB as opposed to an affiliate. IN the meantime I suggest civil disobedience. Take your money off shore even if the rules do not change your way of trading. I personally don't care too much about the leverage but FIFO just plain sucks.
Why is the CFTC SUING those companies? Simple......
There is no LAW so they are TRYING TO SET PRECEDENCE!
I'm no lawyer but if these brokers were actually breaking laws they would be TRIED in a court of law and fined and imprisoned not SUED. WHEN YOU ARE sued THERE HAS TO BE AN INJURED PARTY. WHO IS THE INJURED PARTY?!!!!
The whole thing stinks. They are using the courts again to circumvent the laws
Fully Informed Jury Association
Fully Informed Jury Association. A non profit organization
This is our last stand against a Government gone wild.