Enforcement: US regulator issues penalty against UK company
London-based Forex Capital Markets Ltd. has been rdered to pay a USD140,000 penalty to settle CFTC charges of acting as an unregistered retail forexd dealer
The CFTC filed and simultaneously settled charges that Forex Capital Markets Ltd. of London, U.K. acted as a retail foreign exchange dealer (RFED) by conducting retail leveraged forex transactions with U.S. customers without registering with the CFTC under the agency's regulation 5.3(a)(6)(i).
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