|**TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS. FOR A COPY OF DOCUMENTS, CONTACT NFA'S INFORMATION CENTER.**
On June 30, 2006, NFA issued a Complaint charging Tradex with prohibiting forex transactions and failure to observe high standards of commercial honor and just and equitable principals of trade.
On July 31, 2006, Tradex filed an Answer to the Complaint in which the firm accepted the material allegations contained therein.
AMENDED ANSWER -
On December 4, 2006, Tradex filed an Amended Answer to the Complaint in which the firm denied the material allegations contained therein.
On January 31, 2007, Tradex was ordered, within fifteen days of the date of the Decision, to make a payment of restitution to all customers located in the United States whose accounts were closed with a debit balance, which amount in the aggregate is $22,144.53. Within ten days of the restitution payments being made, Tradex was ordered to provide NFA with evidence of the payments, including a copy of the restitution checks and the letters transmitting these checks. Finally, as of the effective date of the Decision, Tradex was ordered to withdraw from NFA membership and, thereafter, not reapply for NFA membership or act as a principal of an NFA Member.