NFA fines broker for non-compliance
WASHINGTON, DC - The US National Futures Association (NFA) has fined ex-foreign exchange broker ACM USA $10,000 for regulatory violations.
The charges relate to the ex-broker's failure to file monthly and annual reports in 2008, as required by the NFA.
"ACM was late, numerous times, in filing financial statements," said the NFA. "These late statements reveal a pattern of disregard for regulatory deadlines."
The NFA requires members to file monthly reports no later than 17 days after the report
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