[R2D2]

http://www.nfa.futures.org/basicnet...003&contrib=NFA

Notice of Member Responsibility Action (MRA)


On October 4, 2006, NFA issued a Member Responsibility Action ("MRA") against Spot FX Clearing Corp. whereby:

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

2. Spot FX is prohibited from accepting or placing trades for any customer accounts except for the rollover of currently existing customer positions and/or liquidation of existing customer positions. In taking any action to rollover or liquidate customer positions, Spot FX must act in the best interest of its customers.

3. Spot FX is required to liquidate all positions held in any account for any Spot FX principal or employee and, further, is prohibited from initiating any additional positions in such accounts.

4. Spot FX is prohibited from distributing, disbursing or transferring any funds, except to existing customers, without the prior approval of NFA.

5. Spot FX is required to provide notice to NFA of any distribution, disbursal or transfer of any funds to any customer on the same business day that any such distribution, disbursal or transfer occurs. Such notice shall include, at least, the date of the distribution, the name and address of the recipient, identification of any accounts from which funds are distributed and to which funds are distributed, and the amount of the distribution.

6. By 12:00 p.m. CDT on October 6, 2006, Spot FX is required to produce to NFA a financial statement including a net capital computation. The financial statement must properly reflect all assets and liabilities and the firm’s current capital position as well as a listing of all current assets and provide third party documentation supporting the existence and location of those assets.

The MRA will remain in effect until such time as Spot FX has demonstrated to the satisfaction of NFA that it is in complete compliance with all NFA Requirements. Spot FX is required to provide copies of this MRA, by overnight courier, to all of its customers and to all banks and other financial institutions with which it has money on deposit.