Financial Commission Expels BalansFX from Membership

The Financial Commission, a leading external dispute resolution (EDR) organization catering to the financial services industry, announces that it has expelled BalansFX from membership in the organization following numerous failures to comply with the Financial Commission's Rules & Guidelines.

As a result of the expulsion, The Financial Commission will not be able to process any new complaints from BalansFX clients', and such clients will also not be eligible for reimbursement from the organization’s Compensation Fund, since the compensation fund can only be used by clients of approved members, and is subject to the ruling by the organization's Dispute Resolution Committee.

As Financial Commission is an industry-supported self-regulatory organization (SRO), its enforcement of member compliance is reflected entirely within its membership standings where a firm's integrity and adherence to rules must be strictly upheld in order for membership to be maintained.