US regulators clamp down on retail FX dealers

- By FX Markets Staff
- @FXMarkets_
- 30 Jul 2007

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Nations Investments was ordered to liquidate all firm and customer FX positions and to not accept any new accounts or place any trades.

The case highlights US regulators' concerns over increasing fraud and insolvency issues among retail forex dealers, that has led to the NFA proposing stricter rules for FDMs.

On June 19, the NFA sent out for industry comment proposals to raise the minimum adjusted net capital requirements for FDMs from the current $1 million – or $5 million if forex options are

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