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Crown Forex – An Autopsy Now that Swiss Regulators have pulled the sheet up over Crown Forex’s rigamortis racked cadaver it is time to ascertain the cause of death. Was it fraud? Was it incompetent management? Was it a complete lack of regulatory oversight? Was it a faulty business...

Breaking News: Crown Forex to be Liquidated The dangers of trading in Switzerland were revealed once again as Crown Forex is to be shuttered according to Francesc over at FX Street...

NFA Strikes Again Just when you thought $20 million would be the final line of demarcation for U.S. based forex brokers the National Futures Association has announced that capital requirements will be going even higher: http://www.nfa.futures.org/news/PDF/CFTC/FRSec11_IntNotc021909.pdf...

I-K-O-N must have gotten banned. They always get blanked out whenever I try to list their cap number. strange indeed.

I thought Rosenthall Collins closed that already?

HotSpot sold their retail business to FXCM. They are still operational for institutional investors.

December Net Capital The CFTC has just released their latest net capital figures. The field is narrowing dramatically with the departure of HotSpot, ACM and ODL. Which firm will go next? http://www.cftc.gov/marketreports/f...rfcms/index.htm The following firms have net capital below...

David Smith Arrested The hounds are closing in on David Smith. With his Ponzi Scheme in ruins the police in the Turks and Caicos Islands have arrested and frog marched Smith before a magistrate court; where he promptly ponied up $1 million in bail money...

lol. that's ok cabletrader. If you give it out you gotta be able to take it :D

Will Russian Forex Brokers Fall along with the Ruble? The news from Moscow has been grim recently. The fall of the Russian Ruble has policy makers mulling over some scary choices; including the imposition of stringent currency controls which could block customers from withdrawing their funds...

Olint Was a Ponzi Scheme Sources are telling Jamaican media outlets that David Smith’s infamous investment scheme has only $10 million in local cash on hand. In short, it has become clear that David Smith is the Bernie Madoff of Jamaica, with the exception that Smith’s Ponzi Scheme is...

lmao

No Justice! No Peace! As we await the next CFTC Net Capital Report I thought I’d post some of the best trader thread titles I’ve seen on the Net’. Many an angry trader loves to lash out at their broker or adviser and there are some pretty humorous, if not over the top, thread titles...

HotSpot Getting Out of Retail FX Yet another small forex dealer is getting out of the U.S. market. HotSpot FXr is closing down their retail fx business and selling their customers to FXCM. This would be the third forex dealer that FXCM has feasted on this month...

Trouble Ahead for MG Forex? Last year Rosenthal Collins bought MG Forex just as the first capital requirement was set to kick in. RCG then announced that MG Forex was a subsidiary of Rosenthal Collins Securities, which is regulated by FINRA, not the NFA. Thus MG Forex was able to avoid the...

Crown Forex Still Under Siege Francesc at FX Street is reporting that the SFBC investigation of Crown Forex continues and that customers still can’t withdraw their funds. However, it appears the blockade may be lifted in a few weeks time...

ODL says “NO MAS!” ODL Securities has developed a nervous reaction to the battery of new regulations in the United States and has officially thrown in the towel. They are closing their U.S. office and shipping all their customers to FXCM. ODL released a fascinating press release making...

November Net Capital The CFTC has just released their latest net capital figures. With the $15 million dollar deadline just days away who will make the cut and who will not? http://www.cftc.gov/marketreports/financialdataforfcms/index.htm The following firms have net capital below $15...

Alpari Struggling to Meet Cap Requirement? The NFA’s next scheduled capital requirement is set to kick in on January 17th at $15 million. Firms offering leverage of over 100 to 1 therefore must have over $20 million set aside. Alpari was showing $18 million in their last net capital...

Former Dead Pool Dealer Indicted One of the very first forex dealers that the Savior shined his light on was One World Capital. Here is an excerpt from the summer of 2007: http://www.fxstreet.com/forum/showpost.php?p=5102&postcount=6 Over the next several months One World rapidly...