Tag: fraud

April 12, 2015 BY Andrew Saks-McLeod

NFA concludes case against Comtrade executives

Following a complaint by the NFA in September last year, the regulator has now accepted an offer that Comtrade Financial Company owner Michael A Plaia should refrain from NFA membership for two years and pay $10,000 to reapply after that period, and that his colleague, Nickolas Weber, should never re-apply for NFA membership

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March 24, 2015 BY Maria Nikolova

KPMG warns about fraudulent Alpari UK China Support Team

Fraudulent schemes have reached new highs and the latest example in this respect comes with regard to insolvent retail Forex broker Alpari UK. The ill-fated company, which has more than 100,000 clients still waiting to get their funds back, had subsidiaries in several other jurisdictions, including Japan and China. Clients of Alpari's Chinese business are…

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