[forex scholar]

Well it appears the NFA is not done with its capital increase crusade. They are pushing hard in the Congress to increase the minimum capital requirement to $20 million and it appears they have succeeded. The Congress has passed legislation to do just that:

http://weblog.fxstreet.com/2008/01/new-bill-means.html

When such a new rule would become law is unclear. But it looks like we'll have to go through this whole capital requirement ordeal again...