NFA shuts down four FX dealers
The NFA set a December 21 deadline for firms to meet the new requirements. Six other FX dealer members (FDMs) of the NFA have ceased operating in the past four months for reasons not directly related to the new capital requirement.
The NFA would not say which firms failed to meet the $5 million requirement but named all 10 companies shut down. They are: American National Trading Corp, Direct Forex FX, Farr Financial Group, Forex Liquidity, Hamilton Williams, One World Capital Group, Royal Forex
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