Swiss Economicblogs.org
The CFTC on Monday fined Forex Capital Markets, parent FXCM Holdings LLC and founding partners Dror Niv and William Ahdout to pay $7 million to settle charges it defrauded retail foreign exchange customers and engaging in false and misleading solicitations. As part of the settlement, FXCM agreed to withdraw its registration and never seek to register with the CFTC again, effectively banning it from operating in the...
Read More »Largest Retail FX Broker FXCM Banned By CFTC, Fined $7 Million For Taking Positions Against Clients
