Saturday, 10 October 2015
Last updated 4 hours ago
Feb 1 2007 | 12:00pm ET
The National Futures Association has permanently barred Tradex Group, a Boston-based CTA, for allegedly soliciting retail investors to trade off-exchange foreign currency futures and options with its parent company, Tradex Handel & Beratungs.
The Commodity Exchange Act explicitly prohibits the offering of forex transactions to retail investors, unless the counter-party is a regulated entity as defined in the act. Tradex AG was not registered as a counter-party.
In addition to the permanent ban, Tradex was also orders to pay $22,000 in restitution to its customers in the United States.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…