December 14, 2020

Interdealer brokers TFS-ICAP LLC and TFS-ICAP Ltd. will pay $7 million and admit that between 2014 and 2015 its employees engaged in  “flying” prices and “printing” trades on FX options by representing to clients bids and offers that had not been made, and communicating to clients trades that had not occurred. CFTC

Tagged in: Financial and Investment Fraud, Foreign Exchange, Fraud in CFTC-Regulated Markets, Misrepresentations,