FX firm suspended indefinitely


WASHINGTON DC -- FX trading firm Midlandeuro continues to liaise with US regulator the National Futures Association (NFA) after the latter suspended its membership "indefinitely" at a hearing on November 8. Membership of a regulatory body is a requirement for retail forex trading in the US.

The hearing concluded: "Midland-euro’s books and records are in such disarray that it cannot demonstrate it meets its minimum capital requirement. As a result, it cannot be allowed to do business with cust