Court approves TFS-ICAP’s settlement with CFTC
The New York Southern District Court approves the settlement between TFS-ICAP and the CFTC in a case about “flying prices” and “printing trades”.
The New York Southern District Court approves the settlement between TFS-ICAP and the CFTC in a case about “flying prices” and “printing trades”.
The CFTC has entered a proposed consent order with the Court, envisaging a civil monetary penalty of $7 million for TFS-ICAP.
The CFTC and TFS-ICAP have reached an agreement in principle to resolve a case accusing the company’s brokers of engaging in illicit practices in the Forex options market.