German Authorities Confirm Broker's Role In International Foreign Exchange Fraud Ring


German officials confirmed reports that a Frankfurt brokerage firm was involved in an international foreign exchange fraud ring and was responsible for defrauding Unibank for about $3 to $4 million dollars, according to Hubert Harth, press officer for the Staatsanwaltschaft in Frankfurt. He says four brokers from that firm, which he declines to name, are currently under investigation. However, sources close to the investigation say that the broker involved is Inter Money of Frankfurt, not, as

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Regulation shifts focus to listed FX

Jens Quiram, global co-head of FIC derivatives and repo sales at Eurex, assesses the state of the regulatory landscape in the FX market and outlines how listed markets offer a viable alternative to increasingly costly over‑the-counter instruments

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