News Releases

2024 | 2023 | 2022 | 2021 | 2020 | Show more years

For Immediate Release
June 12, 2007

For more information contact:
Larry Dyekman (312) 781-1372,
Karen Wuertz (312) 781-1335,

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.

Subscribe to NFA Email Communications