New structure for RBS FXCM fined by NFA
NEWS
A fine of $110,000 was levied against the company last week after it failed to resolve deficiencies found in an audit conducted by the NFA in August last year. Among the association's findings were a failure on FXCM's part to perform due diligence on its non-NFA member introducing sales agents and the use of deficient promotional material.
The marketing literature included claims of slippage-free execution, guaranteed fills on stop-loss and limit orders, and price guarantees on market orders
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