NFA has received notice that the Commodity Futures Trading Commission has approved new NFA Compliance Rule 2-43 concerning forex orders. The prohibition on carrying offsetting transactions will be effective for any places. The prerequisites regarding price adjustments will become orders executed after June 12, 2009.

Offsetting Transactions

New Compliance Rule 2-43(b) requires an FDM to offset positions in a customer account on a first-in, first-out foundation, therefore prohibiting a trading practice generally referred to as #8220;hedging. #8221; A customer may, however, direct the FDM to offset transactions that are same-size if there are transactions of a size that is different. Rule 2-43(b) is effective for any places based after May 15, 2009. Offsetting positions that were established prior to the effective date don't have to be liquidated, but after either position is closed out after May 15, it may not be reestablished as a scam.

You can read more about the news in these types of links:

http://www.nfa.futures.org/news/news...ArticleID=2273

http://www.nfa.futures.org/news/PDF/...Adj_112408.pdf