Category: News

September 12, 2011 BY Gerald Segal

August 15, 2011: NFA levies $2 million fine against FXCM

FXCM's inclusion in LeapRate's Approved List under review

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The U.S. National Futures Association (or "NFA") has issued a $2,000,000 monetary sanction against FXCM. The fine was in settlement of a complaint issued by the NFA's Business Conduct Committee relating to price slippage, failing to treat all customers equally when giving price adjustments, failing to adequately investigate suspicious activity in several customer accounts, and - together with its principal Dror Niv - failing to supervise.

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