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Zulutrade fined $10 000 by NFA

Jan 06 2012 10:01:55 GMT
By Stanimir Zhelev , ForexBrokerz.com Website: ForexBrokerz.com

On November 15, 2011, the Business Conduct Committee of National Futures Association (NFA) has issued a Complaint charging Zulutrade with failure to maintain required books and records; failure to maintain required capital and failure to give required notice. Zulu has agreed to pay a fine of $10,000 to NFA.

 

Narrative for 0389149 - ZULUTRADE INC

**TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS.**
 
COMPLAINT:
 
On November 15, 2011, NFA issued a Complaint charging Zulu with failure to maintain required books and records; failure to maintain required capital; and failure to give required notice. Full complaint here
 
DECISION:
 
On December 6, 2011, NFA's Business Conduct Committee issued a Decision accepting Zulu's settlement offer and ordering it to pay a $10,000 fine. Full decision here
 

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