SEC To Prosecute Defunct Forex Brokerage Over Options Scam
LEGAL
WASHINGTON--The US Securities and Exchange Commission says it is planning to sue Currency Trading International, a defunct California forex brokerage, for fraud in the sale of foreign currency options. The SEC says that CTI illegally took $16 million in commissions between 1994 and autumn 1998. A date for the trial has note yet been scheduled, according to an SEC spokesperson.
The SEC says that it has filed an enforcement action in a federal court in Santa Ana, California against Currency Trading
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