quote:
Dear Client,
We have received several inquiries regarding the recent news surrounding Refco. In particular, clients have asked how the news about Refco affects FXCM.
The answer is: the news has no effect on FXCM or its clients. FXCM is an independent company with a strong balance sheet and regulatory record. Information on both can be viewed at the CFTC website
http://www.cftc.gov/files/tm/fcm/tmfcmdata0508.xls and NFA website
http://www.nfa.futures.org/basicnet/...APITAL+MARKETS.
Although Refco is a minority shareholder, FXCM is managed and controlled by the firm's original founders. Furthermore, Refco has never had access to FXCM's client or firm assets.
* FXCM's net capital exceeds $61,000,000 and is completely independent and separate from Refco
* FXCM's client funds are completely independent and non-accessible by Refco
FXCM clients can make deposits, withdrawals, and trade as usual. For further information, please contact our knowledgeable staff 24 hours a day. Contact information can be found at
http://www.fxcm.com/contact-fxcm.jsp.
Best regards,
Drew Niv
CEO
FXCM