QUOTE(z2forex @ Feb 11 2010, 12:46 PM)
i did not receive that notice, yet. when did you receive it?
I reciv it this morning.
NEGATIVE TRANSFER NOTICE PURSUANT TO NFA RULE 2-40
FXDirectDealer, LLC (“FXDD New York”) is providing this notice to you pursuant to NFA Rule 2-40. FXDD intends to transfer your account to FXDD Malta Ltd, (“FXDD MALTA”) a fully licensed and regulated Category 3 Financial Services Firm registered with the Malta Financial Services Authority located in Valletta Malta (www.MFSA.com.mt ). FXDD MALTA will enjoy cross border passport privileges with all other EU countries.
FXDD New York is taking this action so that your account will be regulated under the supervision of the Malta Financial Services Authority where your funds will be held in a segregated customer account and not comingled with the capital of FXDD MALTA.
FXDD New York intends to transfer your account as of the close of trading on Friday, February 19th 2010. Your open positions will be closed as of Friday, February 19th 2010 and will be reopened in your FXDD MALTA account at the same rate. There will be no change in your account value. FXDD Malta will be the direct counterparty to all trades in your account and will service your account going forward. FXDD New York will no longer be the counterparty to your trades or be responsible for servicing your account.
FXDD MALTA’s address is: K2, First Floor, Forni complex, Valletta Waterfront, Floriana, FRN 1913, Malta. If you have questions regarding your account or FXDD Malta you may contact the Operations Manager, Mr. Mark Zammit, by emailing him at support@fxdd.com.mt or by calling him at (+356) 2013-3470.
YOU ARE NOT REQUIRED TO TRANSFER YOUR ACCOUNT. IF YOU DO NOT WANT YOUR ACCOUNT TRANSFERRED YOU MUST SEND AN EMAL TO: transferoptout@fxdd.com WITH YOUR ACCOUNT NUMBER(S) IN THE SUBJECT LINE BY 5pm EST on Friday, February 19th 2010. YOUR FAILURE TO SEND THE OPT OUT EMAIL WILL RESULT IN YOUR ACCOUNT BEING TRANSFERRED.
IF YOU WANT YOUR ACCOUNT TRANSFERED YOU DO NOT HAVE TO DO ANYTHING. YOUR ACCOUNT WILL AUTOMATICALLY BE TRANSFERED. YOU CAN CONTINUE TO USE YOUR CURRENT META TRADER SOFTWARE, OR DOWNLOAD THE NEW ENHANCED MT4 PLATFORM HERE
http://www.fxdd.com/software/malta/mt4malta.exe YOUR ACCOUNT NUMBER, LOG IN IDs AND PASSWORD WILL NOT CHANGE. CLICK HERE to review the terms and conditions of the FXDD MALTA customer account, risk disclosure and trading rules.
If you have questions you may contact FXDD New York by calling the customer service number you currently use when calling FXDD and you may email questions to the email address you currently use when emailing FXDD.
YOUR POSITIONS AND ACCOUNT WILL BE REASSIGNED TO A FIRM THAT IS NOT A MEMBER OF NATIONAL FUTURES ASSOCIATION (NFA), IS NOT REGULATED BY NFA, AND IS NOT REQUIRED TO COMPLY WITH NFA'S RULES
After your account is transferred it will be carried on the books and records of FXDD MALTA. FXDD MALTA operates pursuant the rules and regulations of the Malta Financial Services Authority, the Malta Investment Services Act of 1994, the Prevention of Money Laundering Act and all other applicable EU Directives for such Financial Services Firms.