CoesFX faces further restrictions
FRONT PAGE NEWS
Last Friday (November 3), the NFA announced that it has issued additional sanctions against Las Vegas-based Spot FX Clearing, following its decision to close the business to new clients last month (FX Week, October 16). NFA, the body which regulates the futures business in the US, said that unless Spot FX demonstrates that it has met a super capital requirement of $1.5 million by November 9, it will be suspended from membership.
NFA issued initial emergency enforcement action against Spot FX on
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