FXCM embroiled in CFTC dispute

WASHINGTON, DC - Retail foreign exchange giant FXCM has challenged the authority of the US Commodities Futures Trading Commission (CFTC) to resolve a complaint brought against the company this month.

On February 3, the CFTC released allegations made by Robert Dickten and his manufacturing import company, Huaching, claiming FXCM set the bid-ask spread and acted as the counterparty to trades in two self-directed forex accounts.

FXCM has reacted to the claims by denying any violation and asserting

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