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For Immediate Release June 12, 2007 For more information contact:
NFA suspends and fines FX Option1, Inc., a Florida Futures Commission Merchant June 12, Chicago - National Futures Association (NFA) suspended FX Option1, Inc. from NFA membership for a period of one year and ordered the firm to pay a $10,000 fine. FX Option1, Inc. is a Futures Commission Merchant located in Aventura, Florida. The Decision, issued by an NFA Hearing Panel, is based on the Complaint filed in November 2006 and a settlement offer submitted by FX Option1, Inc. The Complaint charged that FX Option1, Inc. failed to list a principal of the firm, maintain required books and records, collect customer security deposits, and adopt and implement an adequate anti-money laundering program. NFA is the premier independent provider of innovative and efficient regulatory programs that safeguard the integrity of the derivatives markets.
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