The change happens more than two months after US regulatory action against the company.
Forex Capital Markets LLC
Dror Niv abandons Director role at the company that has significant control over Lucid Markets Trading Limited.
Although the US regulators did not punish all of FXCM’s principals, the ban on the broker has affected at least a dozen of individuals, including Robert Lande and Eduard Yusupov.
How “fast” is ASIC when it comes to updating its regulatory data?
The NFA database shows that Drew Niv and William Ahdout have No Current Status, effective today.
GAIN Capital provided a brief comment on the situation post acquisition of FXCM retail FX accounts in the US.
The website features no mention of Forex Capital Markets LLC either.
“It’s not my burden to put in evidence that regulators sat by idly,” FXCM attorney says.