Federal court finds that InovaTrade orchestrated a scheme that induced more than 400 customers to deposit more than $10.6 million over a three year period.
A federal court order require Robert A. Christy of Milton, Ga., and his company, Crabapple Capital Group LLC to pay over $2.6 million in monetary sanctions for alleged forex fraud.
According to a federal court order, Eldon A. Gresham promised big gains but traded little of the $15 million he solicited from clients, spending it instead.
CFTC ordered Rosenthal Collins Group, LLC, a registered futures commission merchant, to pay more than $2.5 million for supervision and record-production violations.
The CFTC ordered FXCM to pay more than $14.2 million for failure to supervise customer accounts and for failing to promptly produce certain records to the CFTC’s Division of Enforcement
In the first use of new authority under the 2008 Farm Bill and Dodd-Frank Act to regulate foreign exchange dealers, the CFTC announced suits against 14 forex firms
