The U.S. Commodity Futures Trading Commission (CFTC) has announced that Judge David Nuffer of the U.S. District Court for the District of Utah entered an Order for Final Judgment by Default against Tallinex Ltd., an Estonian company that was licensed to do business in St. Vincent and the Grenadines. The Default Order requires Tallinex to pay…
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Before we get to our review of this past week's top Forex Industry News stories, we'd once again like to thank our readers for helping LeapRate extend our lead over our competitors, as the most-read Forex Industry news website. With May data now out at leading website visitor tracking services, we're once again pleased to…
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First at LeapRate... After LeapRate was first to learn of and report that US regulator CFTC had filed a lawsuit in Utah against offshore retail forex Tallinex for illegally taking US clients, the CFTC today confirmed the report by issuing a formal statement on the matter. (We also explained in our original article why the…
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It was week involving a number of somewhat severe regulator moves in Forex Industry News at LeapRate. Both the Cypriot and Australian financial regulators suspended / revoked the licenses of Retail Forex brokers. And in the US, an offshore broker was sued for taking US clients, a big no-no in the business. In our continuing…
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Legal website Law360 is reporting that the US CFTC has filed a lawsuit against offshore retail forex broker Tallinex, for illegally taking on US clients. The CFTC also named a US introducing broker of Tallinex, called General Trader Fulfillment LLC. The suit was filed in the U.S. District Court for the District of Utah - apparently because General…
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