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Use this link: http://www.nfa.futures.org/news/newsRuleSubLetter.asp?ArticleID=1942

I have never said that broker misconduct should be ignored amongst the larger firms. In fact, I have encouraged all traders to review the background of any firm they are considering using the NFA Basic search and to conduct their due diligence. Nor have I ever recommended any one firm to...

Uh, if you are that obsessed with FXCM's NFA complaint then why don't you go ask FXCM yourself about it? After all, you claimed to have contacted One World Capital. This thread is not about FXCM. And just because someone at FXCM went to Whipsaw's website doesn't prove a thing (except that...

Ok KVincent if you want to indulge yourself with the fantasy that you are "vindicated" be my guest. Even if I were a shill for FXCM (which I'm not) that would not change the fact that the NFA just raised capital requirements to $5 million...

You can keep asking the question as long as you like. But I'm not going to dignify your attempted thread jacking with a response. This thread is about the NFA capital requirement proposal and the issue of low capitalization in the industry. If you want to start another thread on all NFA...

Wow, I'm sure the customers who can't get their money out of One World feel better now that KVincent is on the case. Look this thread is about the problem of low capitalization in the industry and how this NFA proposal was created as a result of it. You can try and threadjack all you like...

My vindication has already come KVincent. As I have shown before customers at One World Capital can't even get their money out now. I pointed this out in previous posts which you have obviously ignored. But then again traders in distress isn't your problem right? One trader at One World...

Vindication Many forum users have been asking for a specific link to the National Futures Association website so that they can read the proposal for themselves and hear it from the regulators themselves. Well, here it is...

Is Your Forex Dealer going to go out of Business? That is the title of an article by John Jagerson over at PFXglobal: http://www.pfxglobal.com/index.php?option=com_content&task=view&id=459&Itemid=116 The retail forex business is young and relatively unregulated but that won't last. I was...

Meanwhile... The rest of the industry is moving on to address the capital requirement issue. It's been commented on in the media, it's been commented on by numerous firms, it has spurred two mergers already. This issue is not going away and I'm glad to see a lot of the major FX firms going on...

Breaking News: RFXT about to Merge? Well it's clear that the NFA proposal is having an impact in the industry already. For the second time in a week a smaller firm in the Dead Pool has announced merger plans. They wouldn't be doing this if they had the capital to stay in business on their...

PFG Buys ANTC The great consolidation has begun. A few days ago PFG purchased Dead Pool Member American National Trading Corporation. Expect more of these types of purchases in the months ahead as the FX world contintues to evolve in light of the proposed capital requirement increase...

Update on Swiss Regulation It appears that the winds of change are blowing in Switzerland according to FX Street: http://weblog.fxstreet.com/2007/06/wind-of-importa.html Hi Everybody As you may probably already know, SFBC (Swiss Federal Banking Commission) is decided to regulate the...

One World Forex with One Foot in the Grave A few months ago the NFA filed a complaint against One World Forex that stated among other things, "One World lacked an understanding of, or was inattentive to, regulatory requirements and was ill prepared to accept customer business as either an FDM...

Switzerland's Swiss Cheese Regulation For all the problems that exist in the U.S. domestic retail forex market they still pale in comparison to the problems that exist in the unregulated retail forex market. And it is here on the periphery of the respectable forex world that a whole host of...

Crunching the Numbers One of the more interesting comments made about the proposed capital requirement was made by Todd Crosland of Interbank FX who said, "The NFA has proposed to raise the minimum net capital requirement to $5 million. If you offer greater than 100:1 leverage, you would have...

MG Comments on Capital Requirement Money Garden has gone public with a statement about the proposed capital requirement rule over at Forex News: http://www.forexnews.com/fxforum/forum/forum_posts.asp?TID=1722&PN=1 Unfortunately, the response was rather underwhelming and for the most...

On Tap for Next Week What a wild ride it has been the last few days in the market. Sadly, some traders have missed out on all the action. Specifically, the traders of Tradex Swiss AG. Tradex is apparently under investigation and there is some kind of account freeze for customers. Next...

-------------------------------------------------------------------------------- Before Moving On Before moving on from I Trade FX I wanted to comment further on the Press Release (included below), which is so close to the points I have been making that quite frankly I could have written...

I Trade FX has officially come out in favor of the new proposed capital requirement with an impressive statement below. It is a statement no other firm has made to date. There was no equivocation or spin in their support for the rule. As such I will be removing them from the dead pool and...