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CFTC bans eight offshore forex sellers for two years: $391 million in deposits versus $650 thousand in fines
On November 9, the U.S. Commodity Futures Trading Commission (CFTC, the regulator of the futures and forex market) banned eight Americans from working in the industry: they brought U.S. retail traders to unlicensed offshore brokers. Clients deposited about $391 million with the four brands.