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NOTICE OF MEMBER RESPONSIBILITY ACTION:
On March 24, 2009, NFA issued a Member Responsibility Action ("MRA") against GlobeFX Club, Inc. ("Globe FX Club") whereby:
1. GlobeFX Club is suspended from NFA membership, until further notice;
2. GlobeFX Club is prohibited from soliciting or accepting any customer or pool participant funds or placing trades for any pools that it operates or any customer accounts that it holds;
3. GlobeFX Club and any person acting on its behalf are prohibited from disbursing or transferring any funds from any accounts (bank, trading, or any other types of accounts) which it owns or controls (including customer accounts) or which are held in its name, without prior approval from NFA; and
4. GlobeFX Club is required to provide copies of this MRA via overnight courier to all pool participants in any pools which it operates or over which it exercises control and to all customer account holders.
These actions are effective immediately and are deemed necessary to protect pool participants, customers and other NFA Members because GlobeFX Club has provided inconsistent and contradictory information to NFA relative to whether it is conducting business, has customer accounts, and is operating a pool; and the firm has also failed to produce books and records requested by NFA or answer questions posed by NFA concerning its operations.
The MRA will remain in effect until such time as GlobeFX Club has demonstrated to the satisfaction of NFA that it is in complete compliance with all NFA Requirements. GlobeFX Club is required to provide copies of this MRA by overnight courier, to all of its customers and to all banks and other financial institutions with which it has money on deposit.