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February 6, 2017

Posted  February 6, 2017

Forex Capital Markets, LLC, its parent company FXCM Holdings, LLC and its two founding partners Dror (“Drew”) Niv and William Ahdout were ordered to pay a $7 million penalty for defrauding retail forex customers. The CFTC Order found that between 2009 and at least 2014, the companies engaged in false and misleading solicitations of retain forex customers by concealing relationships with important market makers and misrepresenting conflicts of interest. CFTC

Tagged in: Foreign Exchange, Fraud in CFTC-Regulated Markets,