Many of you probably haven't heard -- because CFG trader was quite small compared to other firms -- but the NFA shut them down, and forced them to liquidate all positions on March 21. You can read more about the facts of the case, and FXCM's offer to take over all the accounts for CFG Trader clients, at this Forex Factory link:
http://www.forexfactory.com/showthread.php?t=22410
It's a shame that this happened. One of the big issues will be whether there is any money left in these customer accounts. Hopefully there is.
UPDATE: Click here for some additional thoughts on the meltdown of CFG Trader.
