Quote:
Originally Posted by forex savior
Big news people. The national futures association is going to shut down any firm that does not have at least $5 million in capital if the proposed capital requirement rule passes. This could get ugly folks. Is your firm big enough to make the cut? Most firms are poorly capitalized.
http://www.cftc.gov/files/tm/fcm/tmfcmdata0704.pdf
The rule should be decided in August. Make sure your funds are safe. |
Thats good news. $5 million is nothing. You shouldn't be trading with a flimsy firm in the first place. That's my opinion.
Thumbs up to the NFA/CFTC.