Tag: NFA regulation

February 13, 2014 BY Gerald Segal

NFA introduces additional reporting for forex dealers

Additional quarterly and monthly reports will be required by all US based Forex Dealer Members Starting from February 28th all Forex Dealer Members (FDMs) operating within the US will be required to file additional reports to the National Futures Association. Changes are aimed at providing further transparency to the foreign exchange market. All FDMs will…

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December 18, 2013 BY Gerald Segal

NFA takes action against Novo Trading LLC and Thomas Henry O'Connell Jr.

Promoting inaccurate rates of return, grossly overstated assets under management, lying to the NFA… The National Futures Asscoiation has taken an emergency enforcement action against Illinois firm Novo Trading LLC, which is a registered NFA member and commodity trading advisor (CTA) and Thomas Henry O’Connell Jr., a principal and associated person of Novo. The action…

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