Section 742(c)

SEC Rule on Retail Forex Transactions

On July 13, pursuant to Section 742(c) of the Dodd-Frank Act, the SEC issued interim final temporary Rule 15b12-1T to allow a registered broker-dealer to engage in certain foreign exchange transactions with non-eligible contract participants, commonly referred to as retail forex transactions, as long as the broker-dealer complies with ’34 Act rules and regulations and the applicable rules of the SRO of which the broker-dealer is a member. The rule is effective on July 15 and will remain in effect until July 16, 2012. Comments on the interim final temporary rule must be submitted within 60 days after publication in the Federal Register. SEC Interim Final Temporary Rule.