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Also in 2005, the CFTC and the Texas State Securities Board (TSSB) engaged in a cooperative enforcement effort against Premium Income Corp. (PIC) and its principals. The CFTC and Securities and Exchange Commission (SEC) filed an action in U.S. District Court for the Northern District of Texas and the TSSB filed an administrative action charging PIC and its principals with engaging in an illegal $11 million forex operation. To date, the federal court has found three corporate defendants liable to pay restitution of $12 million and each was assessed a fine of $37 million. The State of Texas also has obtained cease and desist orders along with various criminal indictments and convictions. PIC’s president is currently incarcerated on charges stemming from his forex scam.
Trade Options MESSAGES When we ask our students what they find so valuable about our courses, one of the first things they say is the community. At IOTAF we foster a highly collboartive and tight-knit community of traders that communicate on a regular basis through our online channels. The learning doesn’t stop when you leave the IOTAF classroom.
Why is it so big? Canadian dollar (CAD) Lecture4.2 IOT/USD 1.01470 +0.01480 +1.48% USD/MXN 18.6471 +0.0209 +0.11% Trading Heroes
ISBN-10: 0470137649 TV Events A short position, or simply a short, refers to a market position in which
Seif said at the meeting that the new forex system is being established and CBI would seek the advice of others to organize the forex market and instill transparency into the country's forex operations.
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