September 25, 2015

The CFTC has charged Safety Capital Management, Inc. and GNS Capital, Inc., both doing business as FOREXNPOWER, John Won, and Sungmi Kang with fraudulent solicitation of over $1.5 million from customers to trade off-exchange foreign currency and misappropriation of over $622,000 of customer funds.  CFTC

Tagged in: Foreign Exchange, Regulatory Violations,