CFTC Targets 9 Cos. In Latest Wave Of Forex Suits

Law360, New York (September 7, 2011, 6:59 PM EDT) -- The U.S. Commodity Futures Trading Commission sued nine foreign exchange trading firms in Illinois, Utah and Wyoming on Wednesday, accusing them of acting as dealers for U.S. investors without registering with the agency.

The suits, filed mainly in the Northern District of Illinois, mark the CFTC's continuing efforts to use its new authority under the 2008 Farm Bill and the Dodd-Frank Act to regulate foreign exchange dealers.

The Illinois complaints target Windsor Brokers Ltd., City Credit Capital (UK) Ltd., Enfinium Pty Ltd., Trading Point of Financial...
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Case Title

Commodity Futures Trading Commission v. InterForex, Inc.


Case Number

1:11-cv-06203

Court

Illinois Northern

Nature of Suit

850(Securities/Commodities)

Judge

Honorable Rebecca R. Pallmeyer

Date Filed

September 7, 2011


Case Title

Commodity Futures Trading Commission v. MF Financial, Ltd.


Case Number

1:11-cv-06204

Court

Illinois Northern

Nature of Suit

850(Securities/Commodities)

Judge

Honorable Milton I. Shadur

Date Filed

September 7, 2011


Case Title

U.S. Commodity Futures Trading Commission v. Trading Point of Financial Instruments Ltd.


Case Number

1:11-cv-06205

Court

Illinois Northern

Nature of Suit

850(Securities/Commodities)

Judge

Honorable John W. Darrah

Date Filed

September 7, 2011


Case Title

U.S. Commodity Futures Trading Commission v. Enfinium Pty Ltd.


Case Number

1:11-cv-06206

Court

Illinois Northern

Nature of Suit

850(Securities/Commodities)

Judge

Honorable Harry D. Leinenweber

Date Filed

September 7, 2011


Case Title

U.S. Commodity Futures Trading Commission v. City Credit Capital (UK), Ltd.


Case Number

1:11-cv-06207

Court

Illinois Northern

Nature of Suit

850(Securities/Commodities)

Judge

Honorable Ruben Castillo

Date Filed

September 7, 2011


Case Title

U.S. Commodity Futures Trading Commission v. Windsor Brokers, Ltd.


Case Number

1:11-cv-06208

Court

Illinois Northern

Nature of Suit

850(Securities/Commodities)

Judge

Honorable Elaine E. Bucklo

Date Filed

September 7, 2011


Case Title

U S Commodity Futures Trading Commission v. O.C.M. Online Capital Markets Limited


Case Number

1:11-cv-06210

Court

Illinois Northern

Nature of Suit

850(Securities/Commodities)

Judge

Honorable Ruben Castillo

Date Filed

September 7, 2011


Case Title

US Commodity Futures Trading Commission v. Lucid Financial


Case Number

2:11-cv-00817

Court

Utah

Nature of Suit

Securities/Commodities

Judge

Dale A. Kimball

Date Filed

September 6, 2011

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