The US National Futures Association has clamped down on yet another FX futures commission merchant, fining and suspending Florida-based FX Option1.
The dry details are as follows: The NFA has suspended the company from NFA membership for one year and fined it $10,000 for failing to list a principal of the firm, maintain required books and records, collect customer security deposits, and adopt and implement an adequate anti-money laundering programme.
Looking through the complaint is quite amusing.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
