EES Compliance

Elite E Services (EES) maintains 100% legal policies in all our business activities.

EES is 100% compliant with all appropriate laws and regulations.

Legal Information and corporate information - Elite E Services Limited (New Zealand)

Elite E Services company information page

http://ees.net.nz/eliteeservices.htm

Elite E Services legal page

http://ees.net.nz/legal.htm

Elite E Services Forex Trading / Investing Risk Disclosure

http://ees.net.nz/trading/risk-disclosure.htm

Elite E Services is an Introducing Broker of FXCM

From FXCM:

SALES AND MARKETING GUIDENLINES:

On November 19, 1985, the National Futures Association (NFA), enacted Compliance Rule 2-29: Communications with the Public and Promotional Material (“Rule 2-29”), to insure that the highest ethical standards are observed when communicating with the public. It covers literature, print and electronic advertising, phone solicitations, sales scripts and material used on the Internet. It was not meant to stifle the use of fair and effective marketing tools.

In accordance with FXCM’s desire to maximize the value of its network, along with regulatory compliance issues associated with being a government regulated firm, FXCM requires that all introducing brokers to maintain the same standards of professionalism and integrity when dealing with clients. Below is an abridged version of the guidelines:

• May not use deceptive or misleading sales measures

• May not use high pressure sales tactics

• All statements presented as true must be capable of being verified

• All opinions offered must have reasonable basis in fact

• All opinions offered must be stated as opinions

• All statements implying profit possibilities must also mention potential for loss of capital in an equally prominent manner

• Testimonials must include a disclaimer noting that past results are not indicative of future results

• Cannot guarantee earnings

For a more comprehensive list of guidelines, simply download the compliance document created by the NFA: http://www.nfa.futures.org/compliance/publications/Rule2-29/Rule2-29.pdf.

CFTC REQUIREMENTS:

IB must ensure that they do not provide any information to the client that may be false or may be construed as misleading in any way.
IB must have a risk disclaimer clearly visible on their website and all marketing material, as all customers must be aware of the risks involved in trading prior to opening an account. IB may use the same content as FXCM’s disclaimer:
http://www.fxcm.com/risk_warning.html
IB may only refer business to a Futures Commissions Merchant (FCM). As per the Modernization Act of 2000, only registered FCMs may act as FX market makers. For more information on the Modernization Act, go to http://www.cftc.gov/files/ogc/ogchr5660.pdf
Relationship between IB and FXCM must be clear. IB is a referring agent to FXCM, and FXCM is the FCM or clearing firm for all trades.
IB may not accept funds from clients, as client assets may only be sent directly to a Futures Commissions Merchant (FCM). FXCM’s funding instructions may be found at http://www.fxcm.com/deposit.htm
IB may not alter the Trading Agreement provided by the clearing firm in any way. IB may, however, add a coversheet to the agreement to clarify the IB - FXCM relationship.

Although IBs are not currently required to formally register with the CFTC, or to become members of the NFA, FXCM requires IBs to follow the sales and administrative guidelines of the CFTC and NFA. It is the IB’s responsibility to know all rules and regulations, including Compliance Policies and Anti-Money Laundering Procedures. FXCM highly advises that all IBs regularly visit the CFTC and NFA websites to keep abreast of evolving regulation. Regulation may change at any time.

CFTC http://www.cftc.gov/cftc/cftchome.htm

NFA http://www.nfa.futures.org/