Velocity4x
- Thread starter michelino007
- Start date
NFA spanks Interbankfx 
"Narrative for 0349820 - CROSLAND, TODD BENJAMIN
**TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS. FOR A COPY OF DOCUMENTS, CONTACT NFA'S INFORMATION CENTER.**
COMPLAINT:
On April 4, 2007, NFA issued a Complaint charging Interbank FX and Crosland with failure to supervise. The Complaint also charged Interbank FX with use of misleading and deceptive promotional material and failure to uphold high standards of commercial honor and just and equitable principles of trade."
http://www.nfa.futures.org/basicnet/Case.aspx?entityid=0326091&case=07BCC00010&contrib=NFA
"Narrative for 0349820 - CROSLAND, TODD BENJAMIN
**TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS. FOR A COPY OF DOCUMENTS, CONTACT NFA'S INFORMATION CENTER.**
COMPLAINT:
On April 4, 2007, NFA issued a Complaint charging Interbank FX and Crosland with failure to supervise. The Complaint also charged Interbank FX with use of misleading and deceptive promotional material and failure to uphold high standards of commercial honor and just and equitable principles of trade."
http://www.nfa.futures.org/basicnet/Case.aspx?entityid=0326091&case=07BCC00010&contrib=NFA
NFA starting to come down on brokers, good to see
In their Home page Interbank list the following services:
Professional Charting, No Dealing Desk, 2 pip Euro*
Standard, Mini & Micro Lots Full Hedging & Trailing Stops Real Time News.
The No Dealer Desk is a false claim and
I believe Interbank to be guilty of practicing the following:
â¢Re-quoting or Re-orderingâ this is when the broker rejects your buy/sell order and sends you an alternate price in favor of the broker
â¢Stop Loss Hunting â looking for clients stop losses and manipulating prices in order to kick clients out of trades
â¢Lagging market prices reflected in their charting
â¢Increasing spreads or freezing their trading platforms during times of high volume such as just before or right after an economic announcement
â¢Hedging âYouâ â the broker actively opening a trade position against your open position (often done when the broker canât decide what side of the trade they want to be on).
I have filed complains both with the NFA and the CFTC and I suggest that all those that have been cheated by these crooks do so also.
Their violations are flagrant and only by making then public and enough people filing complains with both of these agencies the regulators may try to tear them apart.
So far is an ifi situation.
Professional Charting, No Dealing Desk, 2 pip Euro*
Standard, Mini & Micro Lots Full Hedging & Trailing Stops Real Time News.
The No Dealer Desk is a false claim and
I believe Interbank to be guilty of practicing the following:
â¢Re-quoting or Re-orderingâ this is when the broker rejects your buy/sell order and sends you an alternate price in favor of the broker
â¢Stop Loss Hunting â looking for clients stop losses and manipulating prices in order to kick clients out of trades
â¢Lagging market prices reflected in their charting
â¢Increasing spreads or freezing their trading platforms during times of high volume such as just before or right after an economic announcement
â¢Hedging âYouâ â the broker actively opening a trade position against your open position (often done when the broker canât decide what side of the trade they want to be on).
I have filed complains both with the NFA and the CFTC and I suggest that all those that have been cheated by these crooks do so also.
Their violations are flagrant and only by making then public and enough people filing complains with both of these agencies the regulators may try to tear them apart.
So far is an ifi situation.