CFTC: Federal Court Orders Interdealer Broker To Pay $7 Million For Deceptive Trading Practices In The FX Options Markets - Former CEO And Desk Head Ordered To Pay $500,000 Each For Supervision Failures
CFTC: Federal Court Orders Interdealer Broker To Pay $7 Million For Deceptive Trading Practices In The FX Options Markets - Former CEO And Desk Head Ordered To Pay $500,000 Each For Supervision Failures Date 14/12/2020 The Commodity Futures Trading Commission today announced the U.S. District Court for the Southern District of New York entered a consent order against defendants TFS-ICAP LLC and TFS-ICAP Ltd., interdealer brokers located in New York and London, requiring them to pay a $7 million civil monetary penalty for representing to clients bids and offers that had not been made, ...
Source: mondovisione.com