Tag: Forex fraud

CFTC fines MXBK Group and its MBFX subsidiary for defrauding U.S. Forex customers. The CFTC has handed out one of its largest ever fines -- a $57 million whopper -- to Mexico-based MXBK Group and its FX brokerage subsidiary MBFX. The order found that MXBK and MBFX accepted at least $28 million from more than…

CFTC sets $3.5 million in fines, Trimble used client money to gamble in Vegas. The CFTC has fined Colorado-based Nicholas Trimble and his two companies Capstone FX Quantitative Analysis Inc. and Beekeepers Fund Capital Management LLC a total of $3.5 million in a foreign currency fraud action. The order also permanently bans Trimble from engaging in any…