CFTC Shuts 'Bucket Shop' Operating In New York For Retail-Level Abuses
REGULATIONS
In yet another instance of retail-level abuse by individuals capitalising on the popularity of the foreign exchange markets, the Commodity Futures Trading Commission (CFTC) and the New York State attorney general sued what they called a "bucket shop" for a number of alleged infractions. The CFTC has brought suits against a growing number shops in the past few years for similar abuses (FXW, July 25).
The CFTC alleges Korbean International Investment Corp. (KIIC) and its parent company, Korbean
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