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	<title>Forex Magnates &#187; NFa</title>
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	<link>http://forexmagnates.com</link>
	<description>Forex Magnates is the home of the Forex Elite providing up to date industry news coverage, commentary and scoops</description>
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		<title>NFA fines PFG $700,000; bars it from accepting new IBs for two years for deficient IB practices</title>
		<link>http://forexmagnates.com/nfa-fines-pfg-700000-bars-it-from-accepting-new-ibs-for-two-years-for-deficient-ib-practices/</link>
		<comments>http://forexmagnates.com/nfa-fines-pfg-700000-bars-it-from-accepting-new-ibs-for-two-years-for-deficient-ib-practices/#comments</comments>
		<pubDate>Thu, 09 Feb 2012 06:57:58 +0000</pubDate>
		<dc:creator>Michael Greenberg</dc:creator>
				<category><![CDATA[Brokers]]></category>
		<category><![CDATA[2011 forex industry report]]></category>
		<category><![CDATA[excessive IB trading]]></category>
		<category><![CDATA[excessive trading]]></category>
		<category><![CDATA[foreign exchange]]></category>
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		<category><![CDATA[GIB]]></category>
		<category><![CDATA[guaranteed introducing broker]]></category>
		<category><![CDATA[IB]]></category>
		<category><![CDATA[NFa]]></category>
		<category><![CDATA[peregrine financial group]]></category>
		<category><![CDATA[pfg]]></category>
		<category><![CDATA[PFG fine]]></category>
		<category><![CDATA[Regulation]]></category>
		<category><![CDATA[retail forex industry report]]></category>
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		<category><![CDATA[trading]]></category>

		<guid isPermaLink="false">http://forexmagnates.com/?p=10442</guid>
		<description><![CDATA[Now this is a business killer. NFA just settled with PFG by fining it $700,000 and requiring it not enter into guarantee agreements with IBs for two years subject to an opportunity to request modification of this restriction. Peregrine, Wasendorf, O&#8217;Meara &#8230;<br/> <a href="http://forexmagnates.com/nfa-fines-pfg-700000-bars-it-from-accepting-new-ibs-for-two-years-for-deficient-ib-practices/" class="readmore">Read more</a>]]></description>
		<wfw:commentRss>http://forexmagnates.com/nfa-fines-pfg-700000-bars-it-from-accepting-new-ibs-for-two-years-for-deficient-ib-practices/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>NFA finalizes the Price Slippage and Price Requoting rules</title>
		<link>http://forexmagnates.com/nfa-finalizes-the-price-slippage-and-price-requoting-rules/</link>
		<comments>http://forexmagnates.com/nfa-finalizes-the-price-slippage-and-price-requoting-rules/#comments</comments>
		<pubDate>Fri, 27 Jan 2012 12:35:40 +0000</pubDate>
		<dc:creator>Michael Greenberg</dc:creator>
				<category><![CDATA[Brokers]]></category>
		<category><![CDATA[Regulation]]></category>
		<category><![CDATA[2011 forex industry report]]></category>
		<category><![CDATA[foreign exchange]]></category>
		<category><![CDATA[Forex]]></category>
		<category><![CDATA[forex brokers]]></category>
		<category><![CDATA[forex industry report]]></category>
		<category><![CDATA[forex magnates]]></category>
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		<category><![CDATA[forex requotes]]></category>
		<category><![CDATA[forex requoting]]></category>
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		<category><![CDATA[forex trading]]></category>
		<category><![CDATA[free forex industry report]]></category>
		<category><![CDATA[FX]]></category>
		<category><![CDATA[fxcm fine]]></category>
		<category><![CDATA[gain cpaital fine]]></category>
		<category><![CDATA[NFa]]></category>
		<category><![CDATA[retail forex industry report]]></category>
		<category><![CDATA[retail forex report]]></category>
		<category><![CDATA[slippage]]></category>
		<category><![CDATA[trading]]></category>

		<guid isPermaLink="false">http://forexmagnates.com/?p=10236</guid>
		<description><![CDATA[Although this was known as a requirement for a while now especially after NFA fined FXCM in 2011 and Gain Capital in 2010 now this rule has become formal. NFA is currently busy auditing most of forex brokers trying to &#8230;<br/> <a href="http://forexmagnates.com/nfa-finalizes-the-price-slippage-and-price-requoting-rules/" class="readmore">Read more</a>]]></description>
		<wfw:commentRss>http://forexmagnates.com/nfa-finalizes-the-price-slippage-and-price-requoting-rules/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>CFTC announces successful results of limited FCM reviews</title>
		<link>http://forexmagnates.com/cftc-announces-successful-results-of-limited-fcm-reviews/</link>
		<comments>http://forexmagnates.com/cftc-announces-successful-results-of-limited-fcm-reviews/#comments</comments>
		<pubDate>Thu, 26 Jan 2012 15:14:45 +0000</pubDate>
		<dc:creator>Michael Greenberg</dc:creator>
				<category><![CDATA[Regulation]]></category>
		<category><![CDATA[2011 forex industry report]]></category>
		<category><![CDATA[CFTC]]></category>
		<category><![CDATA[foreign exchange]]></category>
		<category><![CDATA[Forex]]></category>
		<category><![CDATA[forex brokers]]></category>
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		<category><![CDATA[forex magnates]]></category>
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		<category><![CDATA[forex trading]]></category>
		<category><![CDATA[free forex industry report]]></category>
		<category><![CDATA[funds segregation]]></category>
		<category><![CDATA[FX]]></category>
		<category><![CDATA[MF Global]]></category>
		<category><![CDATA[NFa]]></category>
		<category><![CDATA[retail forex industry report]]></category>
		<category><![CDATA[retail forex report]]></category>
		<category><![CDATA[segregation]]></category>
		<category><![CDATA[trading]]></category>
		<category><![CDATA[US regulation]]></category>

		<guid isPermaLink="false">http://forexmagnates.com/?p=10224</guid>
		<description><![CDATA[CFTC just released a short statement where it taps itself on the shoulder being proud that all FCMs that were tested (14 of the largest ones) came through ok during some tests it made. This in a way reminds me &#8230;<br/> <a href="http://forexmagnates.com/cftc-announces-successful-results-of-limited-fcm-reviews/" class="readmore">Read more</a>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>CFTC issues an injunction against InstaTrade Corporation and ZTRADEFX LLC</title>
		<link>http://forexmagnates.com/cftc-issues-injunction-instatrade-corporation-ztradefx-llc/</link>
		<comments>http://forexmagnates.com/cftc-issues-injunction-instatrade-corporation-ztradefx-llc/#comments</comments>
		<pubDate>Thu, 12 Jan 2012 13:59:59 +0000</pubDate>
		<dc:creator>Michael Greenberg</dc:creator>
				<category><![CDATA[Brokers]]></category>
		<category><![CDATA[2011 forex industry report]]></category>
		<category><![CDATA[CFTC]]></category>
		<category><![CDATA[cftc accepting US clients]]></category>
		<category><![CDATA[cftc fine]]></category>
		<category><![CDATA[foreign exchange]]></category>
		<category><![CDATA[Forex]]></category>
		<category><![CDATA[forex brokers]]></category>
		<category><![CDATA[forex fine]]></category>
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		<category><![CDATA[forex trading]]></category>
		<category><![CDATA[free forex industry report]]></category>
		<category><![CDATA[FX]]></category>
		<category><![CDATA[FXOpen]]></category>
		<category><![CDATA[injunction]]></category>
		<category><![CDATA[instaforex]]></category>
		<category><![CDATA[instatrade]]></category>
		<category><![CDATA[NFa]]></category>
		<category><![CDATA[retail forex industry report]]></category>
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		<category><![CDATA[RFED]]></category>
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		<category><![CDATA[ztradefx llc]]></category>
		<category><![CDATA[ztradefxllc]]></category>

		<guid isPermaLink="false">http://forexmagnates.com/?p=9985</guid>
		<description><![CDATA[Instatrade Corporation, aka Insta Forex, and Ztradefx LLC were two of the 14 firms sued by the CFTC early last year. Ever since most firms didn't bother to settle with the CFTC but some did. Last week we saw that FXOpen settled the case with the CFTC paying $140,000 fine.<br/> <a href="http://forexmagnates.com/cftc-issues-injunction-instatrade-corporation-ztradefx-llc/" class="readmore">Read more</a>]]></description>
		<wfw:commentRss>http://forexmagnates.com/cftc-issues-injunction-instatrade-corporation-ztradefx-llc/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>CFTC to introduce a rule on investment of customer funds following MF Global&#039;s fiasco</title>
		<link>http://forexmagnates.com/cftc-introduce-rule-investment-customer-funds-mf-globals-fiasco/</link>
		<comments>http://forexmagnates.com/cftc-introduce-rule-investment-customer-funds-mf-globals-fiasco/#comments</comments>
		<pubDate>Tue, 06 Dec 2011 10:23:24 +0000</pubDate>
		<dc:creator>Michael Greenberg</dc:creator>
				<category><![CDATA[Regulation]]></category>
		<category><![CDATA[CFTC]]></category>
		<category><![CDATA[customer funds]]></category>
		<category><![CDATA[fifo]]></category>
		<category><![CDATA[foreign exchange]]></category>
		<category><![CDATA[Forex]]></category>
		<category><![CDATA[forex brokers]]></category>
		<category><![CDATA[forex market]]></category>
		<category><![CDATA[forex trading]]></category>
		<category><![CDATA[FX]]></category>
		<category><![CDATA[investment of customer funds]]></category>
		<category><![CDATA[leverage limitation]]></category>
		<category><![CDATA[MF Global]]></category>
		<category><![CDATA[NFa]]></category>
		<category><![CDATA[no hedging]]></category>
		<category><![CDATA[segregation of funds]]></category>
		<category><![CDATA[trading]]></category>

		<guid isPermaLink="false">http://forexmagnates.com/?p=9574</guid>
		<description><![CDATA[So it only takes half a billion dollars in customer funds to disappear before CFTC takes an action aimed at large FCMs. In the wake of MF Global's fiasco CFTC has finally decided to reintroduce a rule that will limit the investment of customer funds to many instruments thus 'enhancing customer protection'<br/> <a href="http://forexmagnates.com/cftc-introduce-rule-investment-customer-funds-mf-globals-fiasco/" class="readmore">Read more</a>]]></description>
		<wfw:commentRss>http://forexmagnates.com/cftc-introduce-rule-investment-customer-funds-mf-globals-fiasco/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>NFA keeps choking the forex industry &#8211; aggressively raises member fees</title>
		<link>http://forexmagnates.com/nfa-chocking-forex-industry-aggressively-raises-member-fees/</link>
		<comments>http://forexmagnates.com/nfa-chocking-forex-industry-aggressively-raises-member-fees/#comments</comments>
		<pubDate>Tue, 29 Nov 2011 07:29:43 +0000</pubDate>
		<dc:creator>Michael Greenberg</dc:creator>
				<category><![CDATA[Regulation]]></category>
		<category><![CDATA[foreign exchange]]></category>
		<category><![CDATA[Forex]]></category>
		<category><![CDATA[forex brokers]]></category>
		<category><![CDATA[forex brokers regulation]]></category>
		<category><![CDATA[forex market]]></category>
		<category><![CDATA[forex regulation]]></category>
		<category><![CDATA[forex trading]]></category>
		<category><![CDATA[FX]]></category>
		<category><![CDATA[NFa]]></category>
		<category><![CDATA[NFA member fees]]></category>
		<category><![CDATA[NFA regulation]]></category>
		<category><![CDATA[trading]]></category>

		<guid isPermaLink="false">http://forexmagnates.com/?p=9485</guid>
		<description><![CDATA[NFA is doing an amazingly effective job at spitting in the well it drinks from. In fact NFA behaves not as a regulator but as a controlling shareholder of its members - as it basically does whatever it wants when it comes to requirements and 'membership' fees. NFA just declared a new 'dividend' for itself by aggressively raising membership fees which for some strange reason will now be in the region of 2% of forex broker's gross (!) revenue instead of being a flat yearly fee like up until now. To the best of my knowledge NFA is the only forex dictator regulator charging percentage of volume and/or revenue instead of just charging same membership fee from everyone.<br/> <a href="http://forexmagnates.com/nfa-chocking-forex-industry-aggressively-raises-member-fees/" class="readmore">Read more</a>]]></description>
		<wfw:commentRss>http://forexmagnates.com/nfa-chocking-forex-industry-aggressively-raises-member-fees/feed/</wfw:commentRss>
		<slash:comments>21</slash:comments>
		</item>
		<item>
		<title>NFA files complaint against Tracy Morgan Spaeth charging him with multiple misleading forex practices</title>
		<link>http://forexmagnates.com/nfa-files-complaint-tracy-morgan-spaeth-charging-multiple-misleading-forex-practices/</link>
		<comments>http://forexmagnates.com/nfa-files-complaint-tracy-morgan-spaeth-charging-multiple-misleading-forex-practices/#comments</comments>
		<pubDate>Wed, 23 Nov 2011 08:49:15 +0000</pubDate>
		<dc:creator>Michael Greenberg</dc:creator>
				<category><![CDATA[IBs and Affiliates]]></category>
		<category><![CDATA[Traders]]></category>
		<category><![CDATA[A&J Capital Management]]></category>
		<category><![CDATA[BrokersXpress]]></category>
		<category><![CDATA[CTA]]></category>
		<category><![CDATA[foreign exchange]]></category>
		<category><![CDATA[Forex]]></category>
		<category><![CDATA[forex brokers]]></category>
		<category><![CDATA[forex fraud]]></category>
		<category><![CDATA[forex market]]></category>
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		<category><![CDATA[FX]]></category>
		<category><![CDATA[International Commodity Advisors]]></category>
		<category><![CDATA[MRA]]></category>
		<category><![CDATA[NFa]]></category>
		<category><![CDATA[Profitstars]]></category>
		<category><![CDATA[Regulation]]></category>
		<category><![CDATA[Robert Mihailovich]]></category>
		<category><![CDATA[tracy morgan spaeth]]></category>
		<category><![CDATA[tracy spaeth]]></category>
		<category><![CDATA[Trade Star Incorporated]]></category>
		<category><![CDATA[trading]]></category>

		<guid isPermaLink="false">http://forexmagnates.com/?p=9406</guid>
		<description><![CDATA[One of the webinars that Spaeth used to solicit customers promoted a  computerized forex trading system, known as Tradestar, that the webinar claimed was almost risk-free and consistently profitable. The Tradestar trading system was developed and/or owned by Trade Star Incorporated, a company controlled by a convicted felon named Robert Mihailovich (Mihailovich), who, in July 2010, was charged by the Commodity Futures Trading Commission (CFTC) with fraudulently soliciting over $30 million from customers for forex and futures investments.<br/> <a href="http://forexmagnates.com/nfa-files-complaint-tracy-morgan-spaeth-charging-multiple-misleading-forex-practices/" class="readmore">Read more</a>]]></description>
		<wfw:commentRss>http://forexmagnates.com/nfa-files-complaint-tracy-morgan-spaeth-charging-multiple-misleading-forex-practices/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>ZuluTrade will pay signal providers only for profitable months, charged by NFA</title>
		<link>http://forexmagnates.com/zulutrade-pay-signal-providers-profitable-months-charged-nfa/</link>
		<comments>http://forexmagnates.com/zulutrade-pay-signal-providers-profitable-months-charged-nfa/#comments</comments>
		<pubDate>Fri, 18 Nov 2011 08:22:20 +0000</pubDate>
		<dc:creator>Michael Greenberg</dc:creator>
				<category><![CDATA[IBs and Affiliates]]></category>
		<category><![CDATA[foreign exchange]]></category>
		<category><![CDATA[Forex]]></category>
		<category><![CDATA[forex brokers]]></category>
		<category><![CDATA[forex market]]></category>
		<category><![CDATA[forex trading]]></category>
		<category><![CDATA[FX]]></category>
		<category><![CDATA[NFa]]></category>
		<category><![CDATA[trading]]></category>
		<category><![CDATA[Zulutrade]]></category>

		<guid isPermaLink="false">http://forexmagnates.com/?p=9364</guid>
		<description><![CDATA[ZuluTrade finally made an important update to how it compensates signal providers - from now on those providers will be paid for volume made by their followers only if the month was profitable. This means that if signal provider lost money in a given month - it won't get compensated by Zulu.<br/> <a href="http://forexmagnates.com/zulutrade-pay-signal-providers-profitable-months-charged-nfa/" class="readmore">Read more</a>]]></description>
		<wfw:commentRss>http://forexmagnates.com/zulutrade-pay-signal-providers-profitable-months-charged-nfa/feed/</wfw:commentRss>
		<slash:comments>14</slash:comments>
		</item>
		<item>
		<title>ForexFolio, A New Introducing Broker, Makes Its Global Debut; Provides turnkey solutions for the Forex Market in 7 languages</title>
		<link>http://forexmagnates.com/forexfolio-introducing-broker-global-debut-turnkey-solutions-forex-market-7-languages/</link>
		<comments>http://forexmagnates.com/forexfolio-introducing-broker-global-debut-turnkey-solutions-forex-market-7-languages/#comments</comments>
		<pubDate>Wed, 09 Nov 2011 15:57:20 +0000</pubDate>
		<dc:creator>Michael Greenberg</dc:creator>
				<category><![CDATA[IBs and Affiliates]]></category>
		<category><![CDATA[foreign exchange]]></category>
		<category><![CDATA[Forex]]></category>
		<category><![CDATA[forex brokers]]></category>
		<category><![CDATA[forex market]]></category>
		<category><![CDATA[forex trading]]></category>
		<category><![CDATA[forexfolio]]></category>
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		<category><![CDATA[introducing broker]]></category>
		<category><![CDATA[jeff baskin]]></category>
		<category><![CDATA[jeffrey baskin]]></category>
		<category><![CDATA[NFa]]></category>
		<category><![CDATA[Regulation]]></category>
		<category><![CDATA[trading]]></category>

		<guid isPermaLink="false">http://forexmagnates.com/?p=9231</guid>
		<description><![CDATA[I'm very excited to see my good friend and colleague Jeff Baskin launching his new IB service and website. Jeff is a well known and respected figure in the forex market and is trying to deliver more honesty and transparency into this market. I'm sure Jeff's existing and future clients will be more than happy with his service.<br/> <a href="http://forexmagnates.com/forexfolio-introducing-broker-global-debut-turnkey-solutions-forex-market-7-languages/" class="readmore">Read more</a>]]></description>
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		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Federal Court Orders Charlotte, NC, Couple and Their Companies to Pay $24 Million for Defrauding Customers in Forex Ponzi Scheme</title>
		<link>http://forexmagnates.com/federal-court-orders-charlotte-nc-couple-companies-pay-24-million-defrauding-customers-forex-ponzi-scheme/</link>
		<comments>http://forexmagnates.com/federal-court-orders-charlotte-nc-couple-companies-pay-24-million-defrauding-customers-forex-ponzi-scheme/#comments</comments>
		<pubDate>Wed, 02 Nov 2011 12:34:22 +0000</pubDate>
		<dc:creator>Michael Greenberg</dc:creator>
				<category><![CDATA[Regulation]]></category>
		<category><![CDATA[brenda martin]]></category>
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		<guid isPermaLink="false">http://forexmagnates.com/?p=9157</guid>
		<description><![CDATA[Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced it obtained a federal court supplemental consent order requiring defendants Sidney S. Hanson, Charlotte M. Hanson, and their companies, Queen Shoals, LLC, Queen Shoals II, LLC, and Select Fund, LLC, to pay $24 million in restitution and civil monetary penalties for defrauding customers and misappropriating millions of dollars in a foreign currency (forex) Ponzi scheme (see CFTC Press Release 5689-09, August 7, 2009).<br/> <a href="http://forexmagnates.com/federal-court-orders-charlotte-nc-couple-companies-pay-24-million-defrauding-customers-forex-ponzi-scheme/" class="readmore">Read more</a>]]></description>
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