News Releases

2014 |  2013 |  2012 |  2011 |  2010 |  2009 |  2008 |  2007 |  2006 |  2005 |  2004 |  2003 |  2002 |  2001 |  2000 |  1999

Subscribe to our feed Follow NFA_News on Twitter
Email This to a Friend
For Immediate Release
January 24, 2008

For more information contact:
Karen Wuertz (312) 781-1335, kwuertz@nfa.futures.org

National Futures Association fines forex firm

January 24, Chicago - National Futures Association (NFA) has levied a $60,000 fine against IFX Markets, Inc (IFX). IFX is a Futures Commission Merchant and Forex Dealer Member located in London, England with a branch office in Boston, Massachusetts. The Decision, issued by NFA's Business Conduct Committee, is based on a Complaint filed in January 2008 and a settlement offer submitted by IFX.

The Committee found that IFX failed to supervise its promotional material and that both IFX and its unregistered solicitors used deficient promotional material in the solicitation of forex (foreign currency futures and options) customers.

NFA is the premier independent provider of innovative and efficient regulatory programs that safeguard the integrity of the derivatives markets.

NFA is the premier independent provider of efficient and innovative regulatory programs that safeguard the integrity of the futures markets.
Site Index | Contact NFA | News Center | FAQs | Career Opportunities | Industry Links | Home
© National Futures Association All Rights Reserved. | Disclaimer and Privacy Policy