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foreign exchange dealer

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CFTC and Segregated Accounts

In a recent CFTC press release dated 2012-01-05, FXOpen Investments Inc. has been fined $120,000 for basically soliciting US clients and operating as a Retail Foreign Exchange Dealer (“RFED”) between 2010-10-18 and 2011-01-26, without being registered with the CFTC. Link here. Apart from how the civil penalty is going to be enforced on a foreign … Continue reading

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