People:
One guy just subscribed to the forum posting about this problem it makes me think two things.
1-Super Very Good Person
2-Employee of some forex company.
I feel some attraction for second one, specially after the second post:
Quote:
|
They are as good as bankrupt. Right now the customers can't even get their money out.
|
The NFA proposal was only send to company managers, it's not available to the public. How he got a copy?
I don't want to suspect
but seems behind there is the dirty hand of marketing campaign.
Have you noted none of the "healthy firms" have Metatrader platform?
And ooops, as project1972 wrote, FXLQ was excluded from list.
Why CMC is not included ? It's because
Iīm sure some of the dead firms walking could have some troubles.
But, from troubles to bankruptcy the way is so long.
Two completely things are bankruptcy and stop operations. But bankruptcy sounds more guaaauuuu, feel the fear of bankruptcy muajajajajajajaja.
However NFA is not talking about bankruptcy:
Quote:
NFA takes emergency enforcement action against Boston forex firm, United Global Markets LLC
June 28, Chicago - National Futures Association (NFA) has taken an emergency enforcement action against United Global Markets LLC (UGM), a Futures Commission Merchant and Forex Dealer Member located in Boston, Massachusetts. UGM acts as a counterparty to customer accounts trading in off-exchange foreign currency (forex) transactions.
The Member Responsibility Action (MRA), effective immediately, prohibits UGM from soliciting or accepting any additional customer accounts or funds. In addition, the action prohibits UGM from accepting or placing trades for customer accounts except for the liquidation of existing customers.
NFA took the action because UGM failed to demonstrate to NFA that it is in compliance with minimum capital requirements. The action will remain in effect until UGM has demonstrated that it has at least $1.5 million in adjusted net capital and provides NFA with a certified financial statement prepared by an independent public accountant who is registered under Section 102 of the Sarbanes-Oxley Act. UGM may request a hearing before NFA's Hearing Committee.
NFA is the premier independent provider of innovative and efficient regulatory programs that safeguard the integrity of the derivatives markets.
|
leeb:
FXDD is not member of NFA. Thatīs why there is not listed. But forexsavior seems to know a bit of them.