Tag Archives: pfg
NFA fines PFG $700,000; bars it from accepting new IBs for two years for deficient IB practices
9
2012
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’Meara …
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This case just gets more and more complicated. Crown Forex is an extremely complicated case of a Forex brokerage that turned out to be a ponzi scam. We’ve already reported today about another uncovered forex ponzi brokerage (One World Capital) …
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US forex brokers profitability report for Q4 2011 shows steep drop in number of US accounts amid increase in traders’ profitability
18
2012
US retail forex industry is now showing obvious signs of slow down with number of non-discretionary retail forex accounts held with US based reporting brokers down to record 97,206. This is the lowest count reported since Q3 2010 when first such report was released.
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Regulation and consolidation in the US market – number of brokers offering retail forex trading plummets 50% in 4 years
20
2011
Having seen two US brokers go public in the last 12 months and many more withdraw and being bought it’s time to see what happened to US retail forex industry sinc regulation became more stringent. Bottom line is that since …
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