CFTC fines firm $260,000 for lack of capital

- By FX Markets Staff
- @FXMarkets_
- 21 Apr 2008

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

Forefront Investment Corporation and Virginia couple Barbara and Donald Snellgrove were ordered to pay $130,000 each in civil monetary penalties, after an investigation in March last year found the CFTC-registered company had been undercapitalised by approximately $2.3 million since January 31, 2007.

At that time, the company's total liabilities equalled $8 million, while its assets were only $6.76 million. As an FX dealer member (FDM) of the National Futures Association (NFA), Forefront was

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to print this content. Please contact customer services - www.fx-markets.com/static/contact-us to find out more.

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@fx-markets.com

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@fx-markets.com