CFTC uncovers three FX frauds cases in a month

NEWS

WASHINGTON, DC -- The Commodity Futures Trading Commission (CFTC) charged firms and individuals in three different cases of FX fraud in August.

Foreign currency firms and individuals in Georgia, California and Florida were charged with fraudulently soliciting retail customers to invest in illegal FX futures contracts.

In its most recent case, the CFTC announced actions against Georgia-based FX firm Global Financial Consulting and individuals Wook Hyun Kim and Chang Lee, obtaining a Federal Co

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: