Friday, 27 November 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…