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Update from Forex Scholar
Trouble Ahead for MG Forex? Last year Rosenthal Collins bought MG Forex just as the first capital requirement was set to kick in. RCG then announced that MG Forex was a subsidiary of Rosenthal Collins Securities, which is regulated by FINRA, not the NFA. Thus MG Forex was able to avoid the $20 million capital requirement since FINRA members need only $250,000 in capital.
more......................
http://www.trade2win.com/boards/fore...tml#post641594
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