Tag Archives: charged
On June 30, 2009, NFA issued a Complaint charging GlobeFX Club with failing to cooperate with NFA in its investigation of GlobeFX Club’s operations and providing false and misleading information concerning the firm’s operations. The Complaint also charged GlobeFX Club …
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Dubai FSA Censures Saxo Bank for Client Take-On and AML Systems and Controls Failings
20
2011
We do not know the exact details by Saxo Bank has probably paid some sum to settle these charges. The Dubai Financial Services Authority (DFSA) today censured Saxo Bank Dubai Limited (SBDL) for its failure to comply with the DFSA’s …
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CFTC Charges Florida Couple and Queen Shoals Consultants with Defrauding Forex Customers of More than $1.44 Million
17
2011
Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced that it charged Gary D. Martin and his wife, Brenda K. Martin of St. Augustine, Fla. (collectively, the Martins), and their company, Queen Shoals Consultants, LLC (QSC), of …
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The Financial Services Authority (FSA) has today fined ActivTrades Plc, a foreign exchange broker, £85,750 for failing to protect clients’ assets adequately. Under the FSA’s client money rules, firms are required to keep client money separate from the firm’s money …
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Federal Court Orders Dennis Todd Hagemann and Yellowstone Partners to Pay $1.6 Million for Defrauding Investors in a Forex Ponzi
10
2011
Exactly a year has passed since CFTC lodged the charges and now they were able to receive a court ruling. Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced that it obtained a federal default judgment order …
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If you needed any more proof that not only retail forex brokers mess with forex prices you now have another suit against a major bank for just the same. Reuters reports that Bank of New York Mellon was sued by a …
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General Atlantic, a major Saxo Bank shareholder with 22% of the company, is looking to cash in on the investment amid more than positive climate for this. Saxo Bank last week reported that it tripled its net profit in 2010 …
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CFTC Charges Randall Lynn Stuckey with Soliciting at Least $2.8 Million in Forex Fraud
23
2011
Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced that it filed an anti-fraud civil lawsuit charging defendants Randall Lynn Stuckey of St. Peters, Mo., and his Missouri-based business entities, Stuckey Group, L.P., Stuckey Group II, L.P. …
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Federal Court Freezes Assets of Larry Benny Groover, Charged by the CFTC with Operating a Forex Ponzi Scheme
17
2011
Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced that it obtained a federal court order freezing the assets of defendant Larry Benny Groover of Gunter, Texas, charged with operating a $1.4 million foreign currency (forex) Ponzi …
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A few days ago I reported that FXCM was slapped with a class action suit over alleged fraud and racketeering. Today I bring you the full lawsuit document. Here are some of the more interesting details and you can read …
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