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For Immediate Release
September 27, 2007

For more information contact:
Larry Dyekman (312) 781-1372, ldyekman@nfa.futures.org
Karen Wuertz (312) 781-1335, kwuertz@nfa.futures.org

National Futures Association fines New York forex firm

September 27, Chicago - National Futures Association (NFA) has levied a $175,000 fine against Forex Capital Markets (FXCM), a Futures Commission Merchant and a Forex Dealer Member of NFA located in New York. The Decision, issued by NFA's Hearing Panel, resulted from the settlement of a Complaint filed in December 2006. The Complaint alleged that FXCM and certain of its sales solicitors used deficient promotional material, that FXCM failed to mark certain customer accounts (although legally permitted) as high risk, based on the Financial Action Task Force list of non-cooperative countries and territories, and that FXCM failed to supervise.

FXCM has thirty days in which to pay the fine, which is part of the settlement offer to which FXCM agreed, without admitting to or denying the charges. The full text of the Decision and Complaint can be found on NFA's Web site (http://www.nfa.futures.org).

NFA is the premier independent provider of efficient and innovative regulatory programs that safeguard the integrity of the derivatives markets.

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