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For Immediate Release
September 21, 2009
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NFA permanently bars Florida firm GlobeFX Club Inc.
September 21, Chicago - National Futures Association (NFA) has permanently barred GlobeFX Club Inc. (GlobeFX Club) from NFA membership. GlobeFX Club is a Commodity Pool Operator located in Homestead, Florida. The Decision, issued by NFA's Business Conduct Committee, is based on an NFA Complaint filed in June 2009.
The Committee found that GlobeFX Club provided false and misleading information to NFA and failed to cooperate in NFA's investigation of the firm's operations. In addition, the Committee found that GlobeFX Club failed to supervise the firm's forex activities.
In March 2009, NFA took an emergency enforcement action that suspended GlobeFX Club because NFA was unable to determine the nature of GlobeFX's business operations, the identities of its customers and the treatment of its customer funds. See previous press release.
NFA is the premier independent provider of innovative and efficient regulatory programs that safeguard the integrity of the futures markets.