FXCM hits back at CFTC charge

- By FX Markets Staff
- @FXMarkets_
- 16 Feb 2004

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

FXCM chief executive officer Drew Niv said the CFTC’s accusations, which centre on FXCM’s relationship with Gibraltar Monetary Corporation, were "ridiculous and baseless".

The CFTC filed its complaint on February 10, alleging Florida-based Gibraltar made false promises of large profits, misrepresented its expertise and downplayed the risks inherent in trading FX options. FXCM was charged with liability for the acts of Gibraltar, which acted as an introducing agent for FXCM.

Niv said it was

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to print this content. Please contact customer services - www.fx-markets.com/static/contact-us to find out more.

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@fx-markets.com

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@fx-markets.com