Summary:
On July 15, 2011, the SEC adopted an interim final temporary Rule 15b12-1T to allow a registered broker-dealer to engage in a retail forex business (i.e., certain foreign exchange transactions with persons who are not "eligible contract participants") until July 16, 2012, provided that the broker-dealer complies with the Securities Exchange Act (76 FR 41676). On July 16, 2012, the SEC issued an extension of the date on which the interim rule will expire to July 16, 2013 (77 FR 41671).