Tag: national futures association

November 30, 2016 BY Valentina Kirilova

NFA increases margin requirements on Peso, Yen and NZD Forex futures

In the beginning of November, the NFA has issued a directive to all licensed forex brokers in the country, indicating that they must cut leverage and raise margin requirements on all GBP currency pairs. Now, the National Futures Association has made a similar move with some other foreign currency futures including the Japanese Yen. Notice I-16-27 Immediate attention…

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October 21, 2016 BY Mike Fox

NFA’s website affected by cyber attack

The National Futures Association (NFA) has reported cyber attacks on their website tonight. As reported earlier on LeapRate, there have been cyber attacks today affecting many popular websites on an internet infrastructure provider that hosts a number of these major websites. NFA relies on this internet infrastructure provider and its website has been affected by this attack.…

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May 23, 2016 BY Mike Fox

NFA CEO Daniel Roth to retire; Board begins search for successor

The U.S. financial regulator National Futures Association (NFA) announced today that President and CEO Daniel Roth has announced his plan to retire in the coming year. NFA's Board of Directors has authorized the formation of a committee to conduct an internal and external search for his successor. NFA is the industry wide, self-regulatory organization for…

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March 24, 2016 BY Mike Fox

NFA bars Chicago woman from membership for accepting funds while providing false statements to conceal forex trading losses

National Futures Association (NFA) today announced it has permanently barred Chicago, Ill., sole proprietor commodity trading advisor (CTA) Tina Mozhayski, DBA RF INTL, from membership and from acting as a principal of an NFA Member. The Decision, issued by an NFA Hearing Panel, is based on a Complaint authorized by NFA's Business Conduct Committee on March 18, 2015. The…

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March 17, 2016 BY Maria Nikolova

NFA fines introducing broker Hollencrest Securities over fabricated e-mail

Provision of misleading information to the US National Futures Association (NFA) has cost introducing broker Hollencrest Securities $125,000. The fine is related to a fabricated email, which led NFA to conduct an unnecessary seven-month investigation. In March 2015, Nita Charlton-Gomes, controller and human resources manager at Hollencrest back then, contacted NFA's registration department insisting that…

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February 29, 2016 BY Maria Nikolova

Portfolio Managers Inc loses NFA membership over deceptive, high-pressure sales methods

The United States National Futures Association (NFA) today announces that it has permanently barred Portfolio Managers, Inc. (PMI), an introducing broker that used to offer FX and futures trading, from membership. The main reason for the decision are deceptive and high-pressure sales solicitations. The NFA has also imposed penalties on PMI's Los Angeles office associated…

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February 19, 2016 BY Mike Fox

NFA's Board of Directors elects Michael Dawley to serve as Chairman

The Board of Directors of National Futures Association (NFA) announced it has elected Michael C. Dawley, Managing Director and co-head of futures and derivatives clearing services at Goldman Sachs & Co., to serve a one-year term as Chairman. The Board also elected Maureen C. Downs, President, Rosenthal Collins Group LLC, to serve as Vice-Chairman. In addition, the…

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