Tag Archives: NFa
The NFA has filed a complaint against IKON Global Markets and its CCO Diwakar Jagannath for failing to cooperate with the regulator’s 2012 audit. The complaint comes as IKON’s US based subsidiary, is in the process of fully withdrawing from …
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The CFTC has posted its financial data report for FCMs. Overall, total Retail Forex Funds dropped $15.9 million to $641.6 million. The drop in funds is in line with early reports of retail account profitability data which has showed a …
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NFA Announces June 30 Date for New Capital Requirements of FCMs Acting as a Counterparty to Forex Transactions
11
2013
Announced in November of last year, the NFA has decided on a June 30, 2013 date for FCMs acting as counterparties to forex transactions to maintain a minimum capital requirement of $20,000,000. The rule is aimed at RFEDs that downgraded …
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In their 10K reports, both FXCM and GAIN Capital reported that they have registered as Swap Dealers with the NFA. The registration is part of ongoing compliance with Dodd Frank regulations and reflects the continual adjustments that is taking place …
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As already exclusively announced by Forex Magnates yesterday Gain Capital is acquiring the client base of FX Solutions which is exiting the US forex market. Below is the official statement by Gain Capital, no financial details were disclosed. Updated: FX …
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GAIN Capital seems to be very busy lately: only a few hours ago it announced that it won’t be acquiring LCG and now Forex Magnates sources tell us that it is acquiring the client base of FX Solutions which is …
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Yesterday’s meeting between US Regulators and the Senate in order to discuss further aspects with regard to the implementation of the Dodd-Frank Act, U.S. regulators described the progress as anywhere between good and “tremendous” without, however, providing a specific timeline …
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US Financial Regulators To Convene This Week – Investor Protection High on the Agenda
11
2013
The Dodd-Frank Wall Street Reform and Consumer Protection Act and its implementation will be overseen by Congress on February 14 as senior US financial regulators are due to appear before the Senate committee to report on and discuss the progress …
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LNAM Managed Forex Strategy Launched – Captures Short and Long Term Price Trends
7
2013
Houston-based Lillian Nicola Asset Management have designed a diversified forex strategy which performs the primary function as a discretionary, directional trading methodology which enters and disposes of currency pairs within the spot forex market. The company is a 4.7 exempt …
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Last week we wrote about the NFA’s adoption of all 21 recommendations from the Berkeley Research Group (BRG), an independent audit that was performed to review the agency’s work in response to the PFG Best fraud. (Coincidentally, the NFA’s Board …
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