July 21, 2020 BY Steffy Bogdanova
Southwest Group to pay $75K for conducting forex exchange transactions without registration
CFTC found that Southwest Group offered customers forex transactions through a “Premium + Layaway Program” financing option. The “program” was financed by Southwest Group while acting as the counterparty to these retail forex transactions. It took 30 or 45 days for the retail customers to receive their forex instead of the usual two. The US…
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