Monday, May 19, 2014

Fwd: Global Futures & Forex, Ltd. Ordered to Pay $200,000 Penalty to Settle CFTC Charges of Violating Minimum Financial Requirement Rules



---------- Forwarded message ----------
From: CFTC.gov <cftc@service.govdelivery.com>
Date: Mon, May 19, 2014 at 9:31 AM
Subject: Global Futures & Forex, Ltd. Ordered to Pay $200,000 Penalty to Settle CFTC Charges of Violating Minimum Financial Requirement Rules
To: iammejtm@gmail.com


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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.





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