NFA has received notice that the Commodity Futures Trading Commission has approved changes to NFA Financial Requirements Section 11 and the Interpretive Notice entitled "Forex Transactions." The amendments increase the minimum net capital requirement for Forex Dealer Members (FDMs) to $5,000,000. They also eliminate the concentration charge and replace it with restrictions on the types of firms with which an FDM may maintain assets and cover its exposure for purposes of CFTC Regulation 1.17. These changes will become effective on December 21, 2007.
Check if your firm's net capital is over $5,000,000 for starters. Better still, check if it's over $20,000,000.
At a young age, Andrei Pehar was already a U.S. Chess Federation rated player. He further honed his strategic skills through years spent studying Japanese martial arts. Applying what he learned in both worlds, Andrei went on to consult for investment firms and quickly gained a reputation within trading circles. Friends and foes alike began to call him the "Black Knight".
Anchor Fund LLC (real estate investment fund)
Boulevard Management (consulting for film, music, & sports celebrities)
Clifford Associates (investment counselors since 1915)
Envision Capital Management, Inc. (fixed income money management)
Everett Harris & Co. (investment counsel)
Gamble, Jones, Morphy, & Bent (investment counselors since 1956)
Marcus Buckingham (best-selling author on leadership & management)
Neuman & Associates (accounting firm for film, tv, and music industries)
Philip V. Swan Associates (wealth management firm)
Ryder, Stilwell Incorporated (asset management and protection)
Tower Asset Management (named by Bloomberg as top asset manager)
Wixen Music Publishing (copyright and royalty management)