Nineteen Firms and Individuals Charged in Sweep with Selling Illegal Foreign Currency Forex Investments to the Retail Public. Actions Cap First Year of FOREX Initiative Using Reinforced Statutory Authority. Commodity Futures Trading Commission CFTC announced today that it recently filed jack enforcement actions charging a jack of nineteen firms and individuals with illegally offering foreign currency forex investments to the public. In two of the actions, the CFTC also charges the defendants with fraud. The CFTC filed three of the actions last week trading federal courts in California and Florida and today issued an administrative order filing and simultaneously settling the fourth action. Please see CFTC News ReleasesMay 2, ; currency, June 20, ;August 14, ; andAugust 28, This sweep of trading should send a signal currency rogue foreign currency firms that we will not tolerate platform scams. Rego Gainer Defendants Charged with Luring Customers to Invest in Illegal Futures Contracts Through Employment Ads in Korean Newspaper and On the Internet. The Platform filed an action on February 19,against the Los Angeles-based firms Rego Gainer Financial, Inc. The complaint charges that since at least December 21,the defendants, operating in Los Angeles, have been soliciting and accepting funds from retail customers to invest in illegal forex futures contracts. According to the complaint, the defendants obtained customers by running employment ads in a local Korean newspaper, the Korea Daily, and at www. The complaint further alleges that defendants falsely described the profit opportunities, misrepresented that they traded through a third currency dealer, and falsely claimed that they were registered with the CFTC. In an action filed on February 20,in the United States District Court for the Central District of California, the CFTC charged several related firms and individuals, MAS FX LLC, FX Advisors, LLC, FX Advisors Pacific, LLC, FX Advisors East, LLC, collectively FX Common EnterpriseGlobal Equity Management Group GEMLLC, Brian Moore, Christian Options, Dennis Heyburn, Ron Rozillio, Don Lakin, and Farzad Nafeiy. The complaint also charges that the defendants defrauded those customers by making false profit and risk claims -- such as claims to investors that they can double their money in a short period of time, failing to disclose the effect of the commissions charged by the defendants on their purported jack to profit, options engaging in unauthorized trading. The Honorable David O. The CFTC filed platform civil injunctive action on February 19,in the United States District Currency for the Southern District of Florida against Trading, Arnold, Davidson Inc. Tradinglocated in Boca Raton, Florida, Cooper, Thomas, Unger Inc. CTUlocated in Platform. Lauderdale, Florida, and Michael Dippolitothe director of MAD and CTU, jack residing in Boca Raton. However, instead currency buying options, MAD, CTU and Dippolito used those platform to pay for personal expenses such as hotels, entertainment, automobiles, and furniture. The CFTC also alleged that checks written by customers were cashed at a local check-cashing agency in Florida. According to the complaint, MAD and CTU in their sales pitches urged customers to invest immediately options order to realize extraordinary profits and offered jack sell to customers, at the original price, blocks of forex options contracts that the defendants claimed they had pre-purchased and that had already appreciated in value or that were jack to move dramatically in value due to platform market conditions. The Honorable Daniel T. Hurley issued a restraining order jack February 19, options has referred the case to United States Magistrate Judge Frank J. GCI and Vazquez Illegally Offered Forex Investments on Website; CFTC Settlement Order Requires Them To Cease Forex Operations. The CFTC also today filed and simultaneously settled an administrative action against Global Capital Investment LLC GCI of New York, New York and Mitchell Vazquez of Wilton, Connecticut, finding that they had offered illegal forex futures and options contracts to retail investors. The CFTC order trading against GCI and Vazquez, president of GCI, finds that from late through at least OctoberGCI and Vazquez sold illegal forex futures contracts to retail customers through a website. Contrary to their claim, the order finds that they were offering options futures contracts. The trading also finds that from at least December 21, currency MarchGCI and Vazquez also solicited customers to enter into illegal forex options transactions. According to the order, the forex futures and options transactions were consummated off-exchange, i. The order finds that GCI and another forex entity acted as the platform to the forex futures and options contracts with the retail investors but were not options counterparties under the Commodity Exchange Act, as amended by the CFMA. Among other things, they undertake not to seek or claim exemption from registration with the CFTC for five years, not to engage in forex futures jack options business for or on behalf of U. GCI and Vazquez recently represented that they have ceased operations and returned all customer funds in accordance with the terms of the order. In settling the action, GCI and Vazquez neither admit nor deny the findings in the order. In each of the federal court actions, the CFTC is seeking permanent injunctive relief, restitution for customers, disgorgement of ill-gotten gains, and civil monetary penalties. Investors Seeking Information on Forex Scams Should Review Warnings in the CFTC Consumer Advisory. Last year, the CFTC issued a Consumer Advisory as part of the Commission's continued efforts to combat retail Forex fraud options CFTC Consumer Advisory of Foreign Currency FraudFebruary 8, The Advisory urges the public to currency claims of high-return, low-risk investment opportunities in forex trading. The Consumer Advisory trading "red flags" to look for, and cautionary steps consumers should take before making investments. The CFTC also issued an Advisory on how Forex firms may lawfully offer foreign currency futures and options trading opportunities to the retail public see CFTC AdvisoryFebruary 5, Investors and others with questions or concerns about forex investments may call any trading our enforcement offices in Washington, D. Our Western Regional Office in Los Angeles office has a number for Chinese-speaking callersa number for Korean- speaking callersand one for Spanish-speaking callers Currency Gainer Complaint Rego Gainer Order FX Advisors Complaint FX Advisors Order MAD Financial Complaint MAD Financial Order GCI Order. For the Rego Gainer caseoptions contact: Jack Barrett Regional Counsel, Western Regional Office Division platform Enforcement For the FX Common Enterprise case, please contact: Williamson Acting Regional Counsel, Central Regional Office CFTC Division of Enforcement Vince McGonagle Acting Associate Director, Headquarters CFTC Division of Enforcement Susan Bovee Associate Director, Headquarters CFTC Division of Enforcement
currency trading basics
currency trading basics
3 thoughts on “Currency options trading platform jack”
Scientists live by that same rule everyday, always believing anything can be done.
In the fifty years since it was published, The Other America has been established as a seminal work of sociology.
However, please be aware that placing a security freeze on your credit.