November 16, 2015

The CFTC has filed a lawsuit against IB Capital FX, LLC (a/k/a IB Capital FX [NZ] LLP) d/b/a IB Capital, Michel Geurkink, and Emad Echadi, alleging that the defendant solicited and accepted at least $50 million from 960 clients, including almost 700 in the United States, for off-exchange margined retail foreign currency (forex) trading without being registered with the CFTC.  CFTC

Tagged in: Foreign Exchange, Regulatory Violations,