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NFA fines Utah forex dealer member, Interbank FX LLC and its principal $225,000
July 30, Chicago – National Futures Association (NFA) has ordered Interbank FX LLC (Interbank) and its principal, Todd Crosland to jointly pay a fine of $225,000. Interbank is a Futures Commission Merchant and Forex Dealer Member of NFA, located in Salt Lake City, [...]

The police section said Viet Tin, which had no employees and only one telephone number, issued usernames, passwords, and software for online trading in forex, stocks, and gold, taking a minimum of US$5,000 from investors.
But despite trading for a long period and making profits, many investors did not receive them though losses were promptly deducted [...]

The FSA, which these days seems like the sanest regulator out there, proposed a much more stringent regulatory framework in order to create a consistent and more transparent structure for calculating financial penalties which could mean some fines treble in size.
The FSA is the UK’s SEC, CFTC and NFA combined therefore its requirements are more down to [...]

Strategy Runner Ltd, the pioneer and leader in advanced trading solutions for active, professional traders, announced today that they are now fully-supported by Advantage Futures, the pre-eminent clearing firm for demanding professional and institutional traders. It also announces the launch of its trading competition suite., traders experience live trading excitement on the premier trading platform for active [...]

So if you’d like to know what your broker did, or didn’t, in order to comply with the upcoming regulation this is the post you need to read.
The list below shows (based on brokers’ own statements) which brokers were affected and in what manner (clicking the broker will take you to the relevant content):
Oanda – [...]

NFA’s Investor Webcast: Don’t Become a Victim of Investment Fraud. With the number of various types of Forex frauds recently unveiled by the NFA, CFTC and SEC it’s about time the regulator issued  a decent warning to the public.

Free Forex trading template for Forex software developers with Supertrend indicator

Another Forex scambot released – this time [...]

Tradeview just sent the following message to its clients announcing compliance with the NFA’s FIFO requirements:
Dear Tradeview Client:
As many of you are aware, this Friday July 31st, NFA Rule 2-43 becomes effective for all US based FDM’s and clients.  Starting with Trade date Monday August 3rd, all positions will be closed on a First In, [...]

Paypal is cracking down on Forex
Paypal is one of the leading online payment processing companies, allowing you to send and receive money securely all over the world. This solution is particularly successful with private individuals transferring money one to another, and with small and medium sized businesses who prefer the easy billing service that Paypal [...]

Currensee Inc. (www.currensee.com), the first Forex trading social network where traders collaborate based on real trades, today announced the appointment of David Lemont (http://www.currensee.com/about-us/management-team#dave), successful CEO and go-to-market strategist, as full-time CEO for the company
http://news.prnewswire.com/DisplayReleaseContent.aspx?ACCT=104&STORY=/www/story/07-27-2009/0005066320&EDATE=
Alpari (US), a regulated Foreign Exchange company and global provider of online Forex trading, announced today that it will be maintaining [...]

The Foreign Exchange Committee today released the results of its tenth Survey of North American Foreign Exchange Volume.
The announcement to this survey can be found on the Foreign Exchange Committee’s website at http://newyorkfed.org/fxc/.
Results of this survey, together with the list of reporting dealers and explanatory notes, are available online at www.newyorkfed.org/fxc/volumesurvey.
The Foreign Exchange Committee today [...]