The National Futures Association announced on Thursday that they have ordered Gain Capital to pay a $459,000 fine as a result of an NFA complaint issued on June 30 (National Futures Association serves complaint to Gain Capital).
The NFA alleges that Gain flouted five rules, including engaging in abusive margin, liquidation and price slippage practices that benefitted Gain to the detriment of its customers.
Although Gain said at the time that it was “surprised and disappointed” to receive the NFA complaint, they neither denied nor admitted the charges.
Thanks for your interest in Euromoney!
To unlock this article:
