Texan FX trader fined $3m over misleading website
The CFTC said on March 27 that Aden Rusfeldt and the company Rusfeldt Investments had "fraudulently solicited the retail public" via its www.easytrading.biz website, through which customers could purchase an FX training course and speculate in FX forwards trading through accounts managed by Rusfeldt.
The industry regulator said many claims made on the website were "false representations". These included statements that large profits were likely or virtually guaranteed; that risks were minimal or
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