December 04, 2014 BY Andrew Saks-McLeod

Forex fraud thwarted by CFTC resulting in $819,000 fine

Christopher Engel, along with his company Pinnacle Forex Group LLC collected client funds for purchasing FX contracts, but withdrew and misappropriated them. Despite never having been registered with the CFTC, an offense in the US, the authority has successfully issued an $819,000 fine

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