Euro Money Comments on the Capital Requirement Euro Money has just published an article on the rule proposal that backs up everything I have...
For the Critics I have received some complaints from other forum users that my "Dead Forex Firms Walking Dead Pool" amounts to nothing more...
Corrections First, the link for the Udo Scuba Rogues is incorrect. This is the correct link: http://www3.sympatico.ca/johnfrancis/rogues.htm...
Meanwhile, back at the Dead Pool. The NFA appears to be wrapping up the closures of CFG and UGMFX. They released the following two press...
Underwater Udo The word "Bucket Shop" gets thrown around a lot in the retail forex business. But what exactly is a bucket shop?...
Right now the Regulators are focused on the capital requirement issue. It isn't that the things you pointed out aren't important, they are. But...
The New CFTC numbers came out last week: http://www.cftc.gov/files/tm/fcm/tmfcmdata0706.pdf As a result it is time for another Dead Pool...
There is this myth going around that NDD firms have no risk because they are "not market makers." It's time to put this myth to rest once and for...
Velocity has not been granted a pardon. They are listed under the name Hamilton Williams
Lessons from the Collapse of CFG Why does the NFA want to raise capital requirements? Precisely because of firms like CFG. Of course, many of...
The Collapse of CFG In January of 2007 CFTC reports showed that CFG Trader had $1,790,000 in Adjusted Net Capital. That means they were...
The Case of CFG I have spent a lot of time discussing the issue of forex fraud and how this has been one of the motivating factors driving the...
Breaking News: Both the National Futures Association and the CFTC have apparently de-listed Performance Capital International Inc. The NFA says...
Page 42 of the current issue of Currency Trader Magazine (Free Subscription) has an article about the new NFA proposal. It reports on exactly...
As of August 2, 2007, this is where we stand in regards to the NFA proposal to raise capital requirements to $5 million: FX Week states,...
The FX Week article states, "Following redrafting to include industry feedback, the proposals will be presented to the NFA board in August and...
It's been close to two months since I started reporting on Dead Forex Firms Walking. Since my first post much has changed and the list is in need...
Looks like the media is starting to pick up on the undercapitalization story. Both FX Week and Euromoney did recent stories on what I have been...
What about Refco? This is a common refrain I have been hearing from critics of the NFA Forex Dealer Dead Pool. Refco was massive and they went...
So what happened at Nations? Why was the NFA forced to take an "emergency Action" and shut them down? Well, because it was basically one of the...
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