Effective Date of NFA Compliance Rules 2-41 and 2-42: Disclosure by Forex Pool Operators and Trading
NFA News | Written by NFA | Fri, Oct 17 2008 16:29:27 GMT
NFA has received notice that the Commodity Futures Trading Commission has approved NFA Compliance Rules 2-41 and 2-42. The new rules will become effective on November 30, 2008.
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NFA Compliance Director to participate in panel discussion at upcoming Forex Trading Expo
NFA News | Written by NFA | Wed, Jul 23 2008 11:13:24 GMT
Compliance Director Sharon Pendleton will participate in a panel discussion entitled, "The Questions You Need to Ask Your Broker before Opening a Forex Account" at the Forex Trading Expo, scheduled on September 12 and 13 in Las Vegas.
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NFA News: Alternative Language for Customer Disclosure
NFA News | Written by NFA | Tue, Mar 11 2008 06:02:21 GMT
As of June 1, 2008, forex dealer members ("FDMs") must provide, and customers must acknowledge, prescribed disclosure language prior to the time a customer first engages in a forex transaction.
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Effective Date of Amendments to the Interpretive Notice Regarding Forex Transactions
NFA News | Written by NFA | Sat, Jan 26 2008 18:14:59 GMT
NFA has received notice that the Commodity Futures Trading Commission has approved amendments to the disclosure section of the Interpretive Notice entitled "Forex Transactions." The amendments will become effective on June 1, 2008.
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NFA Forex Dealer Members must meet higher net capital requirements
NFA News | Written by NFA | Wed, Jan 16 2008 19:44:32 GMT
Many of the U.S. firms currently offering retail off-exchange foreign currency (forex) trading are Members of NFA. Effective December 21, 2007, these firms must maintain a minimum net capital requirement of $5 million.
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NFA takes emergency enforcement action against California forex firm, Forex Liquidity LLC
NFA News | Written by NFA | Thu, Dec 06 2007 05:58:01 GMT
National Futures Association (NFA) announced today that it has taken an emergency enforcement action against Forex Liquidity LLC (FXLQ), a Futures Commission Merchant and Forex Dealer Member, located in Santa Ana, California.
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NFA takes emergency enforcement action against Illinois forex firm, One World Capital Group LLC
NFA News | Written by NFA | Tue, Dec 04 2007 07:53:00 GMT
National Futures Association (NFA) announced today that it has taken an emergency enforcement action against One World Capital Group LLC (One World), a Futures Commission Merchant and Forex Dealer Member located in Winnetka, Illinois.
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NFA announces effective date for increased minimum net capital requirements for Forex Dealer Members
NFA News | Written by NFA | Wed, Oct 24 2007 03:55:06 GMT
Beginning on December 21, 2007, NFA Forex Dealer Members (FDMs) will be required to maintain a minimum net capital requirement of $5 million. The increase also raises to $10 million the amount of capital required for a security deposit exemption under NFA Financial Requirements Section 12(b).
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