Currency Trader Targets Watchdog In Defamation Suit

Law360, New York (June 6, 2017, 4:22 PM EDT) -- A currency trading firm filed a defamation and trade secrets suit against the National Futures Association on Tuesday, saying the industry self-regulation group published false claims about the company without giving the opportunity for rebuttal.


The claims were a regulatory overreach that falsely accused Effex Capital LLC and its CEO John Dittami, who are not NFA members, of collaborating with an NFA-member firm to the detriment of Effex customers and that revealed the firm's trade secrets, according to the complaint.

The alleged false claims were...
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Case Information

Case Title

Effex Capital, LLC et al v. National Futures Association et al

Case Number



Illinois Northern

Nature of Suit

320(P.I.: Assault Libel & Slander)

Date Filed

June 6, 2017


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