Dear Client:
We have important news regarding your Forex Capital Markets, LLC (FXCM US) trading account(s). Last year, FXCM enhanced its No Dealing Desk forex execution by making Price Improvements (positive slippage) available on all orders. We have reviewed your past trading data and your account(s) has been identified to receive a price improvement credit.
Account Number(s): xxxx
Price Improvement Credit(s): $x
Que un broker devuelva dinero es algo nuevo en este mundo conocido. Lo que por otra parte sentencia en firme el uso de técnicas mafiosas comentadas hace tiempo. Como el famoso metatrader etc, pero el que no quiera ver que no vea.
Narrative for 0308179 - FOREX CAPITAL MARKETS LLC
COMPLAINT:
On August 12, 2011, NFA issued a Complaint charging FXCM with retaining gains derived from positive price slippage; failing to adopt or carry out adequate procedures to ensure the efficient execution of all customer orders; failing to treat all customers equally when giving price adjustments; and failing to adequately investigate suspicious activity in all customers' accounts. The Complaint charged FXCM and Niv with failing to supervise.
DECISION:
On August 12, 2011, pursuant to a settlement offer submitted by FXCM and Niv, FXCM was ordered, within 30 days of the effective date of the Decision, to make a good faith effort to credit the accounts of its customers the amount of positive slippage which its customers experienced on their trades from and after June 18, 2008. FXCM shall provide verification to NFA of these credits. In addition, FXCM was ordered to pay $2,000,000 to NFA as a monetary sanction. In the future, FXCM will not engage in price slippage or margin liquidation practices; and, in the future, when FXCM voluntarily gives a customer a price adjustment, it shall also determine whether or not it is appropriate to make the same price adjustment for other similarly situated customers.
Finally, within 30 days of the effective date of the Decision, FXCM was ordered to adopt and implement adequate procedures - or enhance existing procedures - to ensure the efficient execution of customer orders and to ensure compliance with NFA's AML requirements.
http://www.nfa.futures.org/basicnet/Cas ... ontrib=NFA
