Displaying results 11 - 20 of 71
… acts in precious metals markets and foreign currency (forex) markets. In order to protect customers, the CFTC … and accountability for illegal acts in precious metals and forex markets that harm retail customers, and we should … and others to trade leveraged gold, silver and leveraged forex. However, I cannot support this settlement because …
… profits through their successful foreign currency (“forex”) trading platform. Similar to any number of … Gomez held himself out to the public as a professional forex trader, and utilized social media handles that … Latino heritage and purported position as a leader of the forex industry in Puerto Rico. At various times, Gomez …
… (and still to this day), spot retail foreign exchange, or “forex,” markets have been targets of fraudsters and … rules that applied to NFA Members engaged in spot retail forex transactions, which included requirements for … regulated as futures commission merchants (FCMs) and as NFA Forex Dealer Members. [12] Back then, the CFTC did not have …
… The Division also continues to be pro-active in the forex area. Since the CFMA confirmed the Commission's … options to retail customers, the Commission has brought 56 forex actions, nearly 40% of them in fiscal 2003. Through … penalties and $60 million in restitution. One group of forex cases deserves special mention. Last year, the New …
… in the consent order involves both digital assets and forex, two areas of the CFTC’s enforcement jurisdiction that … ten fraud or manipulation cases involving digital assets or forex. I commend the Division of Enforcement for continuing … of Commissioner Kristin N. Johnson: Stop Digital Assets and Forex Ponzi Schemes, June 22, 2023, …
… with a plethora of fraud cases involving something called “forex”—foreign currency transactions. You’ve probably seen … too good to be true, it probably is,” certainly applies to forex trading. Thousands of unsuspecting individuals across … the law to provide the CFTC with clear authority to bring forex fraud cases. But here’s the kicker: Congress fixed …
… funds to the best of our ability. Off-exchange retail forex markets continue to be significant sources of fraud … against daily. I think Congress should require these retail forex futures markets to trade on-exchange, just as all … contracts do. It does not make sense that consumers trading forex should have any less protection than consumers trading …
… case, Attorney Roth and the CFTC team uncovered a massive forex fraud scheme that had been ongoing since 2001. The … they had defrauded customers out of $1.7 million in trading forex contracts, and ordering them to pay sanctions double … this reauthorization package: a fraud statutory “fix,” a forex “fix,” and an exempt commercial energy markets “fix.” …
… jurisdiction with respect to retail foreign currency (“forex”) transactions. Prior to the CFMA, the Commission’s … CFTC explicit authority to prosecute illegal, off-exchange forex futures and options offerings to the retail public. … root out and prosecute unscrupulous operators of fraudulent forex bucket shops. The Commission also approved rules …
… 2014, “the two biggest publicly traded over-the-counter forex companies, -- FXCM Inc. and Gain Capital Holdings, … 20 David Evans, “Leverage as High as 50-1 Lures OTC Forex Traders Who Mostly Lose,” Bloomberg.com, November 12, … lures-otc-forex-traders-who-mostly-lose . 21 Id . 22 Id 23 Neil …