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For Immediate Release May 14, 2007 For more information contact: NFA orders Alpha Foreign Exchange Group to pay $25,000 fine May 14, Chicago - National Futures Association (NFA) has ordered Alpha Foreign Exchange Group (Alpha), a Futures Commission Merchant located in Downey, California, to pay a fine of $25,000. The Decision, issued by an NFA Hearing Panel, is based on a Complaint filed in October 2006 and a settlement offer submitted by Alpha. The Panel found that Alpha failed to file financial statements within a timely manner. NFA is the premier independent provider of innovative and efficient regulatory programs that safeguard the integrity of the derivatives markets.
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