It’s been another busy week for US regulator the National Futures Association, which has taken emergency enforcement action against several retail platforms, including One World Capital Group and Forex Liquidity, see the links on the NFA homepage (www.nfa.futures.org).
The NFA says its investigation into One World was prompted by complaints it had received from its clients that they were having difficulty withdrawing funds. The move follows on from action in November when the NFA ordered One World to pay a fine of $100,000, on or before December 31 2007, and an additional fine of $50,000, on or before February 1, 2008, after it was found that the company had failed to meet minimum adjusted net capital requirements and to maintain current books and records.
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