CFTC swoops on FX fraud

NEWS

WASHINGTON -- The Commodity Futures Trading Commission (CFTC) last week filed its first complaint against an FX trading service, following new regulations for FX trading brought in last December.

The complaint, filed on April 18, against Boca Raton, Florida-based SunState FX and its chief investment officer Ulrich Garbe, claimed the firm illegally offered FX options to the retail public, and fraudulently operated a commodity pool with funds solicited for trading FX futures.

The CFTC said in

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: