Sunday, 4 October 2015
Last updated 1 day 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…