Court Upholds $26 Million Judgment In Salomon Versus Tauber Decision

NON-BANKS

The U.S. Court of Appeals for the Fourth Circuit which sits in Virginia upheld a June 1992 decision in favor of Salomon Forex, Inc. in the case brought against Dr. Laszlo Tauber. The October 18 opinion issued by a panel of three judges has significant implications for the market, sources say.

First and foremost, they say, it removes a degree of uncertainty surrounding the possibility that the Commodity Futures Trading Commission (CFTC) could have regulatory jurisdiction over the interbank FX

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 [email protected] or view our subscription options here: http://subscriptions.fxweek.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: