April 19, 2013 BY Gerald Segal

LeapRate FX Fraud Watch – InovaTrade and Michael Alcocer

CFTC fines Alcocer and InovaTrade more than $38 million and permanently bans them. The CFTC has received a federal court order requiring Michael Alcocer and his company InovaTrade to pay a fine of more than $38 million. Alcocer (as well as his company) was also permanently banned from trading or registration with the CFTC. Not much is…

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