CFTC: Federal Court Orders Interdealer Broker to Pay $7M for Deceptive Trading Practices in FX Options Markets
December 15, 2020
December 15, 2020
WASHINGTON, Dec. 15 -- The Commodity Futures Trading Commission issued the following enforcement news release on Dec. 14:
The Commodity Futures Trading Commission today announced the U.S. District Court for the Southern District of New York entered a consent order against defendants TFS-ICAP LLC and TFS-ICAP Ltd., interdealer brokers located in New York and London, requiring them to pay a $7 million civil monetary penalty for representing to clients bids and offers that had not been . . .
The Commodity Futures Trading Commission today announced the U.S. District Court for the Southern District of New York entered a consent order against defendants TFS-ICAP LLC and TFS-ICAP Ltd., interdealer brokers located in New York and London, requiring them to pay a $7 million civil monetary penalty for representing to clients bids and offers that had not been . . .