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August 15, 2007
NFA permanently bars South Florida firm, Forward Forex, Inc.
August 15, Chicago - National Futures Association (NFA) has permanently barred Forward Forex, Inc. (Forward Forex), a Futures Commission Merchant and Forex Dealer Member located in Hollywood, Florida, from NFA membership. The Decision, issued by NFA's Business Conduct Committee, is based on a Complaint filed in June 2007 and a settlement offer submitted by Forward Forex.
The Complaint charged that Forward Forex made misleading and deceptive sales solicitations to the public, used misleading and deceptive promotional material and failed to supervise its employees and solicitors. Additionally, the Complaint charged that Forward Forex failed to maintain required books and records.
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