CoesFX (Spot FX Clearing Corp)

 

October 4th, 2006 Disciplinary Action link:

NFA ID: 0358427 SPOT FX CLEARING CORP

http://www.nfa.futures.org/basicnet/Case.aspx?entityid=0358427&case=06MRA00003&contrib=NFA

 
ngdaniel:
October 4th, 2006 Disciplinary Action link:

NFA ID: 0358427 SPOT FX CLEARING CORP

http://www.nfa.futures.org/basicnet/Case.aspx?entityid=0358427&case=06MRA00003&contrib=NFA

From reading the notice it says

"Spot FX is prohibited from soliciting or accepting any additional customer accounts or customer funds, except as security deposits for existing positions."

Yet, I have just checked over at the www.coesfx.com website and they are still accepting new applications.

Is this because Spot FX Clearing Corp is a wholly owned subsidiary of COESfx Holding, Inc???

Basically, does anybody know what the ruling actually relates to and if coesfx is finished as a broker?

 

I wish to predict the market like I do with the brokers:D