Monthly Archives: January 2017

X-Change Financial Access LLC Fined $75,000 by the National Futures Association

Reason: Complaint alleged that XFA, Scheffler and Stafford violated NFA Compliance Rule 2-9(a), by failing to adequately supervise XFA’s operationsDate: 09/12/2015Amount: 75000.00Link: http://www.nfa.futures.org/basicnet/CaseDocument.aspx?seqnum=4264

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FX Direct Dealer LLC Fined $75,000 by the National Futures Association

Reason: Violated NFA Compliance Rules 2-36(b)(1) and 2-36(b)(5) by willfully Submitting Deceitful and misleading information to NFA and Others. Date: 25/07/2013Amount: 75000.00Link: http://www.nfa.futures.org/BasicNet/CaseDocument.aspx?seqnum=3655

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The Cambridge Strategy Asset Management Limited Fined $60,000 National Futures Association

Reason: Complaint Alleged that Cambridge Commingled offshore pool funds, Distributed pool statement that Contained error, failed to receive fund in the same name of pool.Date: 04/11/2016Amount: 60000.00Link: http://www.nfa.futures.org/basicnet/CaseDocument.aspx?seqnum=4375

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Interactive Brokers LLC Fined $125,000 by the National Futures Association

Reason: charged lnteractive with violations of NFA Compliance Rule 2-10 for failing to maintain adequate books and records necessary and appropriate to conduct its businessDate: 29/05/2007Amount: 125000.00 Link: http://www.nfa.futures.org/basicnet/CaseDocument.aspx?seqnum=1181

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ODL Securities Inc Fined $165,000 by the National Futures Association

Reason: Complaint alleged that ODL and Dubuque violated NFA Compliance Rule 2-36(b) by making misleading and deceptive statements in the solicitation of forex customersDate: 26/09/2007Amount: 165000.00Link: http://www.nfa.futures.org/basicnet/CaseDocument.aspx?seqnum=1348

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Royal Forex Trading LLC Fined $75,000 by the National Futures Association

Reason: Complaint charged Royal with violations of NFA Compliance Rules 2-36(bX1) and 2-36(c) for its use and that of its unregistered solicitors of misleading promotional material.Date: 13/12/2007Amount: 75000.00Link: http://www.nfa.futures.org/basicnet/CaseDocument.aspx?seqnum=1445

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Alpha Foreign Exchange Group Fined $25,000 by the National Futures Association

Reason: Complaint Alleged That Aplha Failed to file Financial Statement in a Timely Manner, in Violation of NFA Financial Requirements Section 1Date: 14/05/2007Amount: 25000.00Link: http://www.nfa.futures.org/basicnet/CaseDocument.aspx?seqnum=1156

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