Fx Direct Dealer Llc Email Formats & Employee Phones

Nukk agrees to assist FXDD in providing or liaising as necessary any information or training materials required to educate FXDD sales personnel in the technology products it may promote. This Agreement shall be governed by the laws of the State of New York without respect to its conflicts of law provisions and Parties hereby consent to exclusive jurisdiction and venue in the state and federal courts in the city of New York. Each party waives the personal service of any process upon them and agrees that service may be made by overnight mail or by U.S. mail with delivery receipt to the address stated in this Agreement.

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Cruz V Fxdirectdealer, Llc

Separately, the District Court dismissed Cruz’s breach of contract claim on the grounds that the Agreement disclosed all the relevant risks of using FXDD’s platform and that FXDD had qualified its obligation to use “best-efforts” to execute orders by warning that it might be unable to do so. Finally, the District Court dismissed the remaining breach of the implied covenant of good faith and fair dealing claim as largely redundant of the breach of contract claim. Now therefore, for good and valuable consideration, the sufficiency and receipt of which is hereby acknowledged, the Parties agree as further set forth below. Cruz also claims that FXDD breached the implied covenant of good faith and fair dealing.

The company was founded in 2002 and is headquartered in New York, NY. Cruz claims that FXDD breached the Agreement by failing to use its “best efforts” to execute customer trade orders.5 FXDD responds that Cruz’s breach of contract claim fails because the Agreement warns that FXDD may be unable to execute orders at the customer-entered price and bears no liability for failing to do so. In dismissing the breach of contract claim, the District Court adopted FXDD’s view. A principal issue on appeal, therefore, is whether the Agreement limits the scope of FXDD’s obligation to use its “best efforts” to execute customer orders in the way that FXDD urges.

Business Trial Group Files Lawsuit Against Fxdirectdealer, Llc

The Decision, issued by NFA’s Hearing Committee , is based on Complaints filed on June 29 and October 23, 2012 and a settlement offer submitted by FXDD. According to the Order, during the period March 20, 2013 to December 11, 2013, FXDD improperly included certain funds held in an account at an unregulated entity in its ANC computations. After excluding those funds as required, the Order finds that FXDD was undercapitalized for 96 days between April 24, 2013 and December 13, 2013.

In the Prior Order, the CFTC found that FXDD failed to maintain its required ANC during at least 18 separate months between November 2010 and December 2012 and ordered FXDD to, among other things, cease and desist from further violations of its ANC requirements. FXDD Malta, LTD, founded in 2010, is a separate offshore entity regulated by the Malta Financial Services Authority, which provides its clients with access to the spot foreign exchange, fx options, binary options, and precious metals markets. JERSEY CITY– Over $20 million in tax credits were awarded to two businesses to relocate to the state’s second largest city.

Btg Lawsuit Claims Marketing Company Was Significantly Overcharged On Postage

In addition, FXDD will pay a fine of $1.1 million, of which $914,131 is attributable to FXDD’s unfavorable price slippage practices. In a related action taken by the Commodity Futures Trading Commission, FXDD will pay an additional penalty of $914,131 to the CFTC. As part of the settlement offer, FXDD agreed to pay restitution in the amount of $1,828,261 to FXDD customers who experienced unfavorable price slippage on “limit-fill-or-kill” trades placed in their accounts from December 10, 2009 until June 29, 2011. September 18, Chicago – National Futures Association has issued a $1.1 million fine and a $1.8 million restitution order against FXDirectDealer LLC , a registered futures commission merchant Forex Dealer Member of NFA located in New York City.

Though Morgan & Morgan has nearly 50 offices in 15 states, you do not have to live near one of our locations to benefit from our service. The CFTC issued an Order simultaneously filing and settling charges against FXDD, a CFTC-registered Retail Foreign Exchange Dealer and FCM in New York, for violating its supervision obligations by employing a trading system that gave FXDD pricing advantages over thousands of its retail customers. Reflects complaints, answers, motions, orders and trial notes entered from Jan. 1, 2011. Nukk shall compensate FXDD at a rate of USD$1,975,000 FXDirectDealer LLC per month ( the “Rates”). However, in the event the monthly cash flow generated by Nukk under that certain Global Service Agreement between Nukk and FXDD Trading Limited (the “Cash Flow”) is less than USD $1,975,000 per month (the “Shortfall”), then the Rates will be reduced so that the Rates are no more than the Cash Flow. FXDD shall be entitled to additional payments to make up for the Shortfall upon the Cash Flow exceeding the Rates in any given month provided that the Rates and the additional payments made to make up the Shortfall do not exceed the Cash Flow.

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Based on these parameters, FXDD rejected a customer’s order when the price slipped more than 2 pips in the customer’s favor (and instead re-quoted the customer the new, less favorable price), but filled a customer’s order at the original price if the price slipped in FXDD’s favor by more than 2 pips. As a result, FXDD benefited from slippage of more than 2 pips in its favor between order placement and order execution, but did not allow its customers to benefit from similar price changes in their favor. The CFTC Order further finds that had FXDD employed an adequate supervisory system and diligently supervised its personnel, FXDD would have discovered these problems with the integrity of trades on the platform and would have had the opportunity to correct them before more than 24,900 customer accounts were deprived of $1,828,261. RISK MONITORING. FXDD will provide trained personnel to assess and monitor risk as well as qualified and trained personnel to review Nukk’s and its customers’ risk. SALES SUPPORT PERSONNEL. As applicable, FXDD will provide knowledgeable and trained sales personnel to promote the sales of financial technology products, including hardware and software as necessary.

In 1973 Emil Assentato began his career on Wall Street at M.W. In 1986 he joined Tradition , Inc. , acting as money market and short term derivative manager. After a few years, he became the president of Tradition Government Securities, which is now called Tradition Asiel Securities .

Fxdirectdealer, Llc Ordered To Pay $600,000 Civil Monetary Penalty And To Comply With Three

FXDirectDealer LLC is engaged in the provision of online forex trading, software, and liquidity that serves individual foreign exchange traders, hedge funds, forex brokerage firms and money managers. It offers a suite of forex trading software that clients can use to speculate currency prices on the foreign market. The firm’s trading software including desktop applications, web-based platforms and mobile applications.

  • This includes any relevant data entry and database maintenance and associated updates.
  • This web site is not endorsed by, directly affiliated with, maintained, authorized, or sponsored by FXDirectDealer LLC. The use of any trade name or trademark is for identification and reference purposes only and does not imply any association with the trademark holder.
  • All significant new filings across U.S. federal district courts, updated hourly on business days.
  • The firm’s trading software including desktop applications, web-based platforms and mobile applications.
  • Cruz also claims that FXDD breached the implied covenant of good faith and fair dealing.
  • With respect to the RICO count, the court concluded that the amended complaint failed to allege predicate acts of mail and wire fraud with the particularity required by Rule 9 of the Federal Rules of Civil Procedure because it did not explain why the Agreement and marketing materials were misleading.
  • FXDD Malta, LTD, founded in 2010, is a separate offshore entity regulated by the Malta Financial Services Authority, which provides its clients with access to the spot foreign exchange, fx options, binary options, and precious metals markets.

We conclude that the complaint alleges a sufficient nexus between Cruz’s transactions with FXDD and New York to fall within the territorial reach of these two provisions of the New York General Business Law. Thus, ATG, the software companies, and the introducing brokers are not plausibly alleged to “share a common purpose to engage in a particular fraudulent course of conduct,” First Capital Asset Mgmt., 385 F.3d at 174 , and were properly excluded from the alleged RICO enterprise. Headquartered in New York City, FXDD provides online foreign currency exchange (“forex”) trading and related services to its customers. The forex market operates outside of a regulated exchange and without a central marketplace. Retail brokers such as FXDD help provide individual investors with access to the market and often operate online. As market makers, they create their own market and set the prices they offer to their customers.

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Using that measure, the case before us clearly involves a series of allegedly deceptive transactions that occurred in New York and implicate the interests of New York. FXDD is paid in New York and refuses to disburse funds from customer accounts until it receives a “Funds Redemption Form” at its New York office. FXDD requires that all customer communications, including the Agreement and objections to trades, be sent to its New York office. The Agreement specifies that New York law governs all disputes between Cruz and FXDD; indeed, it provides that all suits relating to the Agreement are to be adjudicated in state or federal courts located in New York. Based on these various alleged ties between the customer transactions and New York, we are persuaded that, at this stage, “some part of the underlying transaction ․ occur in New York State,” giving Cruz statutory standing to sue for deceptive practices and false advertising under sections 349 and 350. Mountz v. Global Vision Prods., Inc., 3 Misc.3d 171, 770 N.Y.S.2d 603, 608 (Sup.Ct.2003).

Fx Direct Dealer Llc has applied for 13 LC and LCA from fiscal year 2018 to 2020. But this does not mean they really hired 13 foreign workers during this period. When an employee renews or transfers his H1B visa or change work location under some circumstances, he will also file a new LCA application. All significant new filings across U.S. federal district courts, updated hourly on business days. MARKETING PERSONNEL. FXDD will provide trained marketing personnel to assist in the branding and advertising of Nukk and its clients, including personnel skilled in web hosting or electronic marketing skills. This Agreement, and its exhibits if any, may be entered into by each Party in separate counterparts and shall constitute one fully executed agreement upon execution both Parties.

Based on the clear language of the Agreement, we hold that it does not. “We review a district court’s dismissal of a complaint pursuant to Rule 12 de novo.” Operating Local 649 Annuity Trust Fund v. Smith Barney Fund Mgmt. “To survive a motion to dismiss, a complaint must contain sufficient factual matter, accepted as true, to state a claim to relief that is plausible on its face.” Iqbal, 556 U.S. at 678 . The trademark government fee is paid to the government trademark office. Government fee will be charged separately at the time of filing when attorneys complete your trademark legal work, finalize the filing details with you and ready to submit your trademark to the trademark office. outside of a regulated exchange and without a central marketplace.

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