Search Results for: NFA
Big four banks in Australia change loan contracts to eliminate unfair terms
August 24th, 2017
Following a commitment to further review their small business loan contracts, the big four banks have now agreed to specific changes with ASIC to eliminate unfair terms from their contracts. ASIC and the Australian Small Business and Family Enterprise ...
ASIC and ASBFEO join forces to ensure bank lenders meet unfair contract laws
March 9th, 2017
Australian lenders including the country’s big four banks have substantial work to do to eliminate unfair terms from their loan agreements, a joint review of small business standard form contracts undertaken by ASIC and the Australian Small Business and ...
NFA barred commodity trading advisor Samico Worldwide Markets
March 8th, 2017
National Futures Association (NFA) has permanently barred Redding, Calif. commodity trading advisor Samico Worldwide Markets, Inc. (Samico) and its principal and sole associated person, Thomas Gasparini, from membership and from acting as a principal of an NFA Member. The ...
Online gambling firms under investigation over fears for unfair customers terms and conditions
October 21st, 2016
This follows concerns raised by the Gambling Commission about potential breaches of consumer law, including misleading promotions and unfair terms, being used by firms to block players’ payouts. The Competition and Markets Authority (CMA) is today issuing Information Notices ...
NFA permanently bars introducing broker
October 5th, 2016
National Futures Association (NFA) has permanently barred Chicago, Ill., introducing broker Vankar Trading Corp. (Vankar) from membership and from acting as principal of an NFA Member. In addition, NFA has barred John S. Karvelas, sole principal and an associated person of Vankar, ...
NFA takes emergency enforcement action against commodity trading advisor and its principal
July 4th, 2016
NFA announced today that it has taken an emergency enforcement action against Apercu International PR LLC(Apercu), an NFA Member commodity trading advisor located in San Juan, Puerto Rico, and Alvin Guy Wilkinson, a principal and associated person of Apercu. This action ...
French ex-trader Jerome Kerviel wins unfair dismissal case
June 8th, 2016
The French ex-trader Jerome Kerviel, whose unauthorised transactions lost his bank €4.9bn (£3.82bn), has won a claim for unfair dismissal. A labour court said the bank, Societe Generale, had dismissed him not because of his actions, which it must ...
NFA CEO Daniel Roth to retire; Board begins search for successor
May 24th, 2016
NFA announced today that President and CEO Daniel Roth has announced his plan to retire in the coming year. NFA’s Board of Directors has authorized the formation of a committee to conduct a search for his successor. The search ...
NFA bars commodity trading advisor firm and its associated person
March 24th, 2016
National Futures Association (NFA) has permanently barred Rowland Heights, Calif., commodity trading advisor Accusigma Corporation (Accusigma) and its sole listed principal and associated person, Brent Park, from membership and from acting as a principal of an NFA Member. The Decision, issued by NFA’s ...
NFA orders Plantation, Florida retail foreign exchange dealer and swap dealer IBFX to permanently withdraw from NFA membership
March 16th, 2016
National Futures Association (NFA) has ordered IBFX, Inc. (IBFX), an NFA Member registered retail foreign exchange dealer and provisionally registered swap dealer (SD) located in Plantation, Florida, to permanently withdraw from NFA membership and from acting as a principal of an ...