NFA
NFA Issues IBFX With $600,000 Penalty For FX Execution Reporting Inadequacies
- Signaling a return to work for the NFA, IBFX has been censured for failing to report trade execution data between 2010 and 2011, a period in which it had applied to withdraw from NFA membership pre-Monex acquisition.
Wednesday, 16/10/2013 | 06:02 GMT by
Andrew Saks McLeod
NFA Ousts AlphaMetrix 360 Due to Financial Woes, Monitoring System in Question
- In a letter to FCMs, the NFA announced that it will no longer be using AlphaMetrix360 to collect segregated funds data. This occurs as AlphaMetrix is in the midst of a credit crunch, with its clients funds in question.
Monday, 14/10/2013 | 08:21 GMT by
Ron Finberg
Effects of US Government Shutdown on FX Industry: CFTC Asks NFA to Update Members
- The CFTC is currently operating with limited scope following the governmental shutdown, and has informed NFA to send a message on its behalf to members. Antideficiency Act provides relief for CFTC & SEC Continuity.
Tuesday, 08/10/2013 | 14:10 GMT by
Steven Hatzakis
CFTC Loses Chief of Enforcement Responsible For Bringing Hundreds of Cases in Recent Years
- The CFTC says goodbye to Chief of Enforcement David Meister, who during his three year tenure was responsible for a plethora of enforcement actions. Ms. Gretchen L. Lowe is to succeed his position.
Tuesday, 01/10/2013 | 09:29 GMT by
Steven Hatzakis
CFTC Issues FXDD With $275,000 Penalty For Violating Capital Adequacy Rules
- Regulatory authorities in the United States are becoming notorious for insistance that FX firms maintain sufficient net capital. Today, the CFTC issued FXDD a $275,000 penalty for contravening such rules.
Monday, 30/09/2013 | 20:20 GMT by
Andrew Saks McLeod
Pay Up, Says Uncle Sam! FXDD Ordered To Pay Penalties As Case Draws To A Close
- After over a year's worth of legal pursuit by the US authorities, the NFA and CFTC's cases against FXDD have today drawn to a close with FXDD liable for substantial fines and $1.8 million in restitution.
Wednesday, 18/09/2013 | 20:14 GMT by
Andrew Saks McLeod
Tardiness Will Not Be Tolerated – NFA Proposes Significant Increase In Late Report Fees
- The National Futures Association yesterday released full details of its proposed increase in fees for filing late FDM and financial reports from $200 to $1000 per business day, representing a significant increase.
Wednesday, 28/08/2013 | 09:57 GMT by
Andrew Saks McLeod
Case Closed: NFA and IKON Global Markets Settle
- The US National Futures Association has entered into a settlement with IKON Global Markets and a senior director of the firm, following a complaint filed in April for non-cooperation. Permanent ban administered.
Thursday, 08/08/2013 | 11:46 GMT by
Andrew Saks McLeod
July Forex Industry Review: Summer Doldrums Hitting the Market?
- We’ve reached August, and the summer is in full blast in major market centers. But that didn't stop July from being an active month of activity and announcements in the forex industry across the globe.
Thursday, 01/08/2013 | 14:26 GMT by
Ron Finberg
Appeal Denied – One World Capital Fraudsters Receive Full Sentencing
- Ponzi scheme fraudsters, John Walsh and Charles Martin, operators of defunct One World Capital saw their appeals rejected. As a result, the two continue to face long jail sentences and restitution charges in the millions.
Wednesday, 31/07/2013 | 10:23 GMT by
Ron Finberg
FXDD Compliance Officer Fined $75,000 By NFA For Irregularities In AML Procedure
- Further demonstrating the regulatory effort directed at ensuring that funds received by FX firms are legitimate, the NFA has fined FXDD Chief Compliance Officer James E. Green $75,000 for irregularities brought to light by complaints.
Sunday, 28/07/2013 | 06:35 GMT by
Andrew Saks McLeod
As New Rules Go Into Effect, Advanced Markets Swaps NFA For ASIC Regulation
- Deciding it’s not worth the $20,000,000 minimums; Advanced Markets has also officially withdrawn all of its licenses with the NFA. As of June 28th, the broker withdrew both its FCM license and NFA membership.
Thursday, 11/07/2013 | 09:16 GMT by
Ron Finberg
NFA Responds To Two Complaints And Hits Interactive Brokers With $300,000 Penalty
- Following two complaints that Interactive Brokers was allegedly not exercising correct procedures relating to client funds, and using unregistered introducing brokers, the NFA yesterday issued the firm with a $300,000 fine.
Tuesday, 09/07/2013 | 06:52 GMT by
Andrew Saks McLeod
NFA Files Another Complaint Against Alpari – US Business May No Longer Make Economic Sense
- Alpari US has once again found itself the target of the regulators due to compliance violations as it has received a complaint from the NFA. In its complaint, the NFA is charging that Alpari violated existing NFA rules.
Tuesday, 02/07/2013 | 11:32 GMT by
Ron Finberg
Looking for a Job? The NFA is Hiring
- The NFA has announced that they approved their Fiscal Year 2014 budget. The budget, for the fiscal year which starts on July, 1 2013 is for $74 million, an 18% increase above last year, with the majority going towards new hiring
Thursday, 06/06/2013 | 20:16 GMT by
Ron Finberg
CFTC Posts February FCM Financials - Easy Forex Exits the US
Friday, 12/04/2013 | 07:06 GMT by
Ron Finberg
NFA Announces June 30 Date for New Capital Requirements of FCMs Acting as a Counterparty to Forex Transactions
Thursday, 11/04/2013 | 09:09 GMT by
Ron Finberg
Official Gain Capital Announcement Regarding FX Solutions
Friday, 22/02/2013 | 13:38 GMT by
Michael Greenberg
FX Solutions Finally Exiting the US Market, Client Base Goes to GAIN Capital
Thursday, 21/02/2013 | 17:36 GMT by
Michael Greenberg
Dodd Frank Act Senate Meeting - US Regulators Report Significant Progress
Friday, 15/02/2013 | 07:54 GMT by
Andrew Saks McLeod
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