Tag: Zulutrade fine

September 09, 2014 BY Gerald Segal

Zulutrade fined $150,000 by the CFTC for taking clients from Iran, Sudan and Syria

The CFTC has announced a settlement with social trading giant Zulutrade, whereby Zulutrade will pay a fine of $150,000 and repay commissions earned of $80,000. The settlement involve charges that from 2010 to 2013 Zulutrade failed to follow procedures for screening clients from the U.S. Department of the Treasury’s Office of Foreign Assets Control’s (OFAC) targeted countries.…

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