NFA reminds virtual currency firms about their disclosure obligations
Given the recent volatility in the virtual currency market, NFA reminds members about certain disclosure and reporting requirements.
NFA News
NFA to reduce Forex Transaction Reporting Execution Surveillance System fees
NFA’s Board resolved to reduce the FORTRESS segment fee to cut the NFA Forex regulatory program’s reserve balance.
NFA orders former AP Peter Georgantones never to reapply for membership
NFA has ordered former associated person Peter Chris Georgantones never to reapply for NFA membership.
NFA orders JDN Capital never to reapply for membership
NFA orders JDN Capital never to reapply for membership or act as a principal of an NFA Member.
NFA imposes $200,000 fine on OANDA
OANDA has agreed to pay a $200,000 fine in order to settle an NFA complaint regarding AML rule violations.
NFA orders Argo Wealth Management never to reapply for membership
NFA orders former Akron, Ohio commodity pool operator Argo Wealth Management never to reapply for membership.
OANDA faces possible expulsion and fines in the US
NFA said it noted an increase in the number of deficiencies at OANDA after the FX broker was acquired by CVC Capital in 2018.
NFA bars introducing broker LTG Trading and Gary Fullett for deceptive practices
LTG and Fullett placed trades in customer accounts that had extremely high commissions and fees with no benefit for the customers.
NFA sets effective date for requirements for use of marketing materials by swap dealers
NFA says the new requirements for use of marketing materials by swap dealers will become effective on May 31, 2021.
NFA permanently bars Dafex Global from membership
NFA barred Dafex because the firm engaged in deceitful conduct to obtain NFA membership and CFTC registration.
