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May 14, 2007
NFA orders Alpha Foreign Exchange Group to pay $25,000 fine
May 14, Chicago - National Futures Association (NFA) has ordered Alpha Foreign Exchange Group (Alpha), a Futures Commission Merchant located in Downey, California, to pay a fine of $25,000. The Decision, issued by an NFA Hearing Panel, is based on a Complaint filed in October 2006 and a settlement offer submitted by Alpha.
The Panel found that Alpha failed to file financial statements within a timely manner.
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