New NFA rules on Forex MManagers: $45,000 Liquid cash, $1,000 in fees

New NFA regulation requiring:

A min $45,000 cash at all times

$1,000+ in fees to the NFA (including $750 a year)

Fingerprint card, subject to an FBI background check

The passing of an hour long exam

http://www.nfa.futures.org/NFA-compl...-overview.HTML