Tag: NFA membership

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…

Read more
February 12, 2015 BY Maria Nikolova

ILQ officially exits US Forex market, all NFA licenses withdrawn

Institutional Liquidity LLC (ILQ) has officially exited the US market, data from the website of the National Futures Association (NFA) have shown. As of January 21, 2015, the company has had all of its licenses with the US regulators withdrawn, including: • RETAIL FOREIGN EXCHANGE DEALER • NFA MEMBER • FOREX FIRM • FOREX DEALER…

Read more