Foreign Exchange Currency Fraud - CFTC Alert on Forex Fraud
Unfortunately frauds in the hedge fund industry are a fact of life and sully the name of legitimate hedge fund managers. In the off-exchange forex area, there are even more frauds. The notice below, which can also be found here, explains what the CFTC, the NASAA and the NFA are doing to combat fraud in [...]
CFTC Charges Forex Group with Fraud
While most foreign currency traders are honest, there are many forex fraudsters which are out there perpetuating frauds. Many of the frauds are discovered fairly quickly but the case below is unique in the fact that the fraudulent activity spanned such a long period of time.
The release below can be found here.
Release: 5548-08
For Release: September [...]