FX

November 23, Chicago - National Futures Association's (NFA) Business Conduct Committee has accepted a settlement offer from Blue Sky Capital Management Corp. (Blue Sky) and its principal, Gregory M. Schneider, to permanently withdraw from NFA membership. View the full article

September 22, Chicago - National Futures Association (NFA) has permanently barred from NFA membership True Vector Trading Group LLC (True Vector), an Introducing Broker formerly located in Delray Beach, Florida, and its principal James Douglas of Galveston, Texas. View the full article

September 22, Chicago - National Futures Association (NFA) has permanently barred from NFA membership Changes Capital Management LLC (CCM), a Commodity Trading Advisor located in New York City, and its principal, Pinank V. Shah. View the full article

September 21, Chicago - National Futures Association (NFA) has permanently barred GlobeFX Club Inc. (GlobeFX Club) from NFA membership. View the full article

September 18, Chicago - National Futures Association (NFA) has permanently barred from NFA membership Capital Blu Management LLC (Capital Blu), a Commodity Trading Advisor located in Melbourne, Florida. View the full article

September 8, Chicago - National Futures Association (NFA) has permanently barred from NFA membership, Global Trading Center LLC (Global Trading), a former Introducing Broker located in Boca Raton, Florida. View the full article

August 28, Chicago - National Futures Association (NFA) has permanently barred from NFA membership Pioneer Commodities LLC (Pioneer), an Introducing Broker located in Boca Raton, Florida. View the full article

MB Trading Holdings, LLC Has Acquired Ownership of WGAL, LLC, AKA The Wizetrade Group EL SEGUNDO, Calif., Aug. 5 /PRNewswire/ -- MB Trading Holdings, LLC, the parent company of Manhattan Beach Trading Financial Services, Inc. ("MBTFS") and MB Trading Futures, Inc. ("MBTF") (collectively "MB Trading") which are technology-driven, low-commission brokerages specializing in order routing in FOREX, Equities, Futures, and Options through various global exchanges and electronic networks, announced Wednesday that it has acquired ownership of The Wizetrade Group. The Wizetrade Group and its predecessor entity have been a preeminent leader in providing trading tools for almost ten years. Wizetrade's success is built on introducing novice investors to the basics of the markets and trading fundamentals using software products and hands on training. Wizetrade delivers much of this training through its crown jewel, Wizetrade TV®. This dynamic, interactive online television network provides more than 11 hours a day of live expert training and personalized trade analysis, delivered in High Definition quality, through its four channels. "This acquisition is a vertical strategic move for us," said Ross Ditlove, CEO and Co-Founder of MB Trading. "MB Trading Financial Services offers a trading solution that again has taken one of the top honors in Barron's annual broker review*. We also received the Best Ranking in Trading Technology. Wizetrade offers a product suite that provides a complete trading solution in all of the major asset classes that MB Trading offers. A significant number of Wizetrade customers are already using MB Trading services in conjunction with their Wizetrade® software." "We look forward to introducing our combined services to a whole new generation of traders, and we can now do so at significantly reduced commissions to Wizetrade customers," added Steve Demarest, President and Co-Founder of MB Trading. "MB Trading has been an integrated broker partner with Wizetrade software products for the past three years, and this transaction is sure to further enhance the integrated technology for our customers," said Wizetrade President John Dankovchik. MB Trading remains one of the largest privately held electronic brokerage firms in the United States. "MB Trading continues to look at acquisition opportunities that will broaden our technology and educational offerings." added David Lipsett, Executive Vice President of MBTFS and MBTF. MB Trading plans to offer improved trading integration with the Wizetrade product suite, which includes the new CommandTRADE® and CommandTRADE® FX automated trading platforms for equities and FOREX, respectively. About MB Trading: Securities products are offered through Manhattan Beach Trading Financial Services, Inc. ("MBTFS"), member FINRA, SIPC. MB Trading Futures, Inc. ("MBTF") is a CFTC registered FCM and member of NFA. MBTF offers execution and settlement services for futures based products, as well as offer off-exchange foreign currency (forex) products through MB Trading. About The Wizetrade Group: Wizetrade®, CommandTRADE®, 4XTracker®, Option Hunter®, and WizeFinder®, 4Xfeed™, Commandfeed®, Optionsfeed®, Wizefeed® and Wizetrade TV® are trademarks of WGAL, LLC. CommandTRADE®, CommandTRADE® FX, Wizetrade® Commodities, Wizetrade® FOREX, Wizetrade® Options, and Wizetrade® Stocks are software programs owned and offered by The Wizetrade Group (collectively the "Programs"). The Programs are analytical tools only and do not predict price trends. The Wizetrade Group also offers programming for its Customers through Wizetrade TV which is designed to improve traders' understanding of the software charts. Wizetrade TV programs are for training and educational purposes only and in no way should be considered as giving buy, sell or hold advice. The Wizetrade Group, its subsidiaries, employees, and agents, and Wizetrade TV do not solicit or execute trades or give investment advice, are not registered as brokers or advisors with any federal or state agency, and encourage consultation with a licensed representative or registered investment professional prior to making any particular investment or using any investment strategy.

July 30, Chicago - National Futures Association (NFA) has ordered Interbank FX LLC (Interbank) and its principal, Todd Crosland to jointly pay a fine of $225,000. View the full article

July 30, Chicago - A National Futures Association (NFA) Hearing Panel has issued a Decision in which it accepted Tiger Financial Group's (Tiger Financial) offer to permanently withdraw from NFA membership. View the full article

July 23, Chicago - National Futures Association (NFA) has announced today that it has taken an emergency enforcement action against Raleigh Capital Management, Inc. (RCM) and its principal, Richmond H. Hamilton, Jr. View the full article

July 23, Chicago - National Futures Association (NFA) has permanently barred Foreign Trade Bank Securities, Inc. (Foreign Trade Bank) from NFA membership. View the full article

July 23, Chicago - National Futures Association (NFA) has revoked the registrations of SG Commodities LLC (SG Commodities) and its principal, James S. Gossett. View the full article

July 16, Chicago - National Futures Association has barred Kaye Simone White-Webster, an associated person (AP) of Global Trading Center LLC (Global Trading), from NFA membership for a period of five years View the full article

July 8, Chicago - National Futures Association has permanently barred from NFA membership Vanguard Trading Group (Vanguard), an Introducing Broker located in Pembroke Pines, Florida. View the full article

Interbank FX, LLC Ordered to Pay $200,000 and Establish Systems to Ensure the Safety of Consumer Records and Information Washington, DC – The U.S. Commodity Futures Trading Commission today simultaneously filed and settled charges against Interbank FX, LLC (Interbank), ordering Interbank to pay a $200,000 civil monetary penalty for violating rules designed to protect the confidential personal information of consumers. The CFTC order also requires Interbank to establish a comprehensive security program that provides administrative, technical, and physical safeguards for the protection of consumer records and information. According to the order, in March 2008, an Interbank customer discovered that personal information about herself, such as her name, address, phone number, date of birth, social security number, driver’s license number, and bank account numbers was accessible on the Internet through a Google search. Interbank began an immediate investigation and learned that one of its Information Technology employees had placed files containing the confidential personal consumer information of approximately 13,000 customers and prospective customers on a personal website that was accessible on the Internet for at least a year. This security breach was possible because Interbank did not have policies or procedures directed to the protection of confidential consumer information at the time its employee uploaded the information to the Internet. Despite a lack of effective procedures, Interbank continuously issued a Privacy Notice to its customers as early as December 2004 that stated erroneously that Interbank maintained safeguards that complied with federal standards to guard customer information. Interbank’s lack of effective procedures and issuance of the erroneous Privacy Notice violated several provisions of the CFTC’s regulations concerning the privacy of consumer financial information. The order recognizes that Interbank engaged in substantial remedial efforts after discovering the security breach and fully cooperated with the CFTC’s investigation of the matter. The sanctions imposed on Interbank take into account those remedial efforts and cooperation, without which the CFTC would likely have imposed a more severe sanction. Specifically, in addition to the $200,000 monetary penalty, the order requires Interbank to establish, implement, and maintain a documented comprehensive security program that addresses administrative, technical, and physical safeguards for the protection of consumer information. It further requires Interbank to obtain an assessment of that program from a certified security professional within 180 days of the entry of the order and annually for the next five years. “This order recognizes that the CFTC takes very seriously the obligations of our registrants to protect the confidential personal information of their customers from public exposure. The undertakings imposed in this order are a model for the industry on how to maintain a comprehensive security program that safeguards private consumer information,” commented CFTC Acting Director of Enforcement Stephen Obie. The CFTC thanks the National Futures Association for its cooperation in this matter. Source: CFTC Newsroom

June 29, Chicago - National Futures Association (NFA) announced today the launch of its redesigned website, www.nfa.futures.org. View the full article

June 25, Chicago - National Futures Association (NFA) announced today that it has taken an emergency enforcement action against Strongbow Investments GP LLC (Strongbow), a Commodity Pool Operator and Commodity Trading Advisor located in Austin, Texas. View the full article

June 4, Chicago - National Futures Association (NFA) announced today that it has taken an emergency enforcement action against M25 Investments, Inc. (M25), M37 Investments LLC (M37), David P. Fearis, III, president of M25 and director of M37, and Ronald L. Larson, president of M37. View the full article

June 3, Chicago - National Futures Association (NFA) has effectively barred Coastline Trading Group LLC (Coastline), an Introducing Broker located in Huntington Beach, California, Michael W. Greenberg, president of Coastline, and Michael P. Melikian, an associated person of Coastline, from NFA membership. View the full article

May 19, Chicago - National Futures Association (NFA) has permanently expelled Lake Shore Asset Management Limited (Lake Shore) from NFA membership. View the full article

April 28, Chicago - National Futures Association (NFA) has fined I Trade FX LLC (I-Trade) $250,000 for failing to implement an adequate anti-money laundering (AML) program. View the full article

April 13, Chicago - National Futures Association (NFA) and AARP will co-sponsor a seminar to advise individuals on how to help make ends meet during the current economic downturn and how to avoid becoming a victim of investment fraud. View the full article

March 31, Chicago - National Futures Association (NFA) has accepted Last Atlantis Capital Management LLC's (LACM) settlement offer to permanently withdraw from NFA membership. View the full article

March 27, Chicago - National Futures Association (NFA) has accepted JMJ Capital Group LLC's (JMJ) settlement offer to permanently withdraw from NFA membership. View the full article