CFTC is acting suspicious....
I have to say that the CFTC is acting suspicious. First they try to reduce leverage to 10:1. Then they are doing everything within their capability to keep US citizens from trading with offshore brokerages. Even our own Congressmen have been qutoed making statements to the effect that they are highly suspicious of the CFTC's actions. They (congressmen) have blatantly stated that all these supposed "protections" of US traders have actually made it far more difficult to trade without losing their money. It has become very obvious that they are not acting in the interest of the American public, but are acting in the interest of a corrupt few who are already rich and stand to gain even more by this. In my opinion, it very much looks and feels like the CFTC is attempting to make it hard for poor people to use forex trading to get rich. Every single one of these "protection rules" does not really affect the super wealthy traders at all. The only ones who are feeling the impact are those who are low to middle class wealth citizens.
I don't know about all of these trading firms in this new lawsuit, but as for fxopen, I did not think they had a presence in the United States. So....I searched Delaware's corporation registry. There is no registry of any company with the name FXOpen. There is some foul play going on here with the CFTC. I believe they are trying to abuse the system and use this whole lawsuit to try and set some sort of legal president that gives them the ability to tell US citizens where, what, and how they are allowed to spend their hard earned money. Anyone else get this feeling?