As of July 31, 2016, Broker Dealers, including those dually registered as Futures Commission Merchants, will be prohibited from offering or entering into a transaction with a person who is not an eligible contract participant (retail forex transaction).

A retail forex transaction includes an agreement, contract, or transaction in foreign currency that is a contract of sale of a commodity for future delivery (or an option on such a contract) or an option (other than an option executed or traded on a national securities exchange registered pursuant to section 6(a) of the Exchange Act) that is offered to or entered into with a person that is not an eligible contract participant as defined in section 1(a)(18) of the CEA.

For more details regarding this SEC Rule, click here.