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IBFX made headlines with its announcement as it announced its exit from retail foreign exchange in the U.S. and Australia only a couple of weeks ago. Following an announcement by the U.S. Commodity Futures Trading Commission (CFTC), we are now receiving more information about what might have played a certain role in the company’s decision.
The foreign exchange subsidiary of TradeStation, which in itself is a subsidiary of Japanese Monex Group, has settled charges with the U.S. financial regulator agreeing to pay a $1 million penalty. IBFX, Inc. failed to meet the minimum capital requirements for retail foreign exchange dealers ... (read more)