Friday, July 27, 2012

EES: NFA fines another Forex firm


As if the PFG situation (see previous articles here and here) wasn't enough, yesterday the NFA fined yet another Forex firm for:
... improperly canceling forex trades and removing profits from customer accounts, failing to timely report trade data and other required information to NFA, failing to observe high standards of commercial honor, failing to comply with NFA's Enhanced Supervisory Requirements and failing to keep accurate records.


http://seekingalpha.com/article/756731-nfa-fines-another-forex-firm