The CFTC is taking legal action via the federal court system against an individual allegedly running a foreign exchange (FX) trading scam that exploited social media outlets to lure more than 140 fraud victims. Citing a misappropriation of customer funds and many regulatory violations, the regulator has entered a preliminary injunction via the U.S. District… Read More >>
SEC Slams NYSE with Multiple Regulatory Violations
The SEC reports that it has charged the New York Stock Exchange (NYSE) and two affiliated exchanges (NYSE American and NYSE Arca) with “regulatory failures in connection with multiple episodes, including several disruptive market events.” The violations alleged by NYSE officials include “erroneously implementing a market-wide regulatory halt, negligently misrepresenting stock prices as ‘automated’ despite… Read More >>
