December 26, 2014 8:13 PM ET

Capital Markets

Company Overview of Global Futures & Forex, Ltd.

Company Overview

Global Futures & Forex, Ltd. provides an online trading system for speculation in currencies. It also offers contracts for differences and financial spread betting in various countries. The company was founded in 1997 and is based in Grand Rapids, Michigan. As of September 24, 2013, Global Futures & Forex, Ltd. operates as a subsidiary of GAIN Capital Holdings, Inc.

618 Kenmoor Avenue SE

Grand Rapids, MI 49546

United States

Founded in 1997

Phone:

616-956-9273

Key Executives for Global Futures & Forex, Ltd.

Chief Executive Officer and President
Compensation as of Fiscal Year 2014.

Global Futures & Forex, Ltd. Key Developments

CFTC Orders Global Futures and Forex, Ltd. to Pay $200,000 Penalty to Settle CFTC Charges of Violating Minimum Financial Requirement Rules

The U.S. Commodity Futures Trading Commission (CFTC) issued an order filing and simultaneously settling charges that, between December 2010 and November 2012 (the Relevant Period), Global Futures & Forex, Ltd. (GFF), a CFTC-registered Futures Commission Merchant (FCM) and former Retail Foreign Exchange Dealer (RFED) headquartered in Grand Rapids, Michigan, failed to comply with minimum financial requirements for FCMs and RFEDs. The CFTC Order imposes a $200,000 civil monetary penalty and a cease and desist order against GFF for its violations. Under CFTC Regulations in effect during the Relevant Period, an FCM was required to maintain adjusted net capital (ANC) equal to, or in excess of, great of $1 million or various other measures, including the "amount of [ANC] required by a registered futures association of which it is a member." The same Regulations also required that an RFED maintains ANC of $20 million plus 5% of its total retail forex obligation in excess of $10 million at all times. GFF's ANC requirement as an RFED was approximately $24 million.

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