Global Futures & Forex, Ltd. Ordered to Pay $200,000 Penalty to Settle CFTC Charges of Violating Minimum Financial Requirement Rules
05/19/2014 12:16 PM EDT
The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges that, between December 2010 and November 2012, Global Futures & Forex, Ltd., a CFTC-registered Futures Commission Merchant and former Retail Foreign Exchange Dealer headquartered in Grand Rapids, Michigan, failed to comply with minimum financial requirements for FCMs and RFEDs.