CFTC Targets Affinity Fraud Cases In U.S., Alleges Unauthorized Offering Of FX Futures


In the third such action in the past three months, the U.S. Commodity Futures Trading Commission (CFTC) has secured a restraining order against an alleged perpetrator of so-called affinity fraud involving foreign exchange futures and other securities.

This tough action--which in the latest case freezes the assets of New York-based Standard Forex Inc.--reflects the regulator's determination to eliminate affinity frauds, a term used to describe frauds against ethnic minorities or vulnerable

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: