Claims Halifax has taken U.S. retail FX traders – the CFTC wants penalties, and wants trades undone.
The CFTC has filed a complaint (in the U.S. District Court for the Northern District of Illinois) against Australia’s Halifax Investment Services, claiming that the Australian broker has solicited U.S. retail FX clients, and has taken on U.S. clients.
The CFTC wants monetary penalties, trading and registration bans, disgorgement, and rescission — meaning that any U.S. Forex traders who lost money trading with Halifax might get their money back if the trades are actually undone. (Although it is likely any rescission penalties would end up in the CFTC’s hands, not with traders).
For the full CFTC press release on the matter click here.