US Commodity Futures Trading Commission v. Forex Capital Markets, LLC

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Case overview

Case Number:

1:16-cv-06551

Court:

New York Southern

Nature of Suit:

Securities/Commodities

Judge:

Katherine B. Forrest

Firms

Companies

Sectors & Industries:

  1. November 18, 2016

    FXCM Disputes CFTC's Swiss Flash Crash Claims

    Forex Capital Markets LLC asked a New York federal judge on Thursday to toss some claims in a suit brought by the U.S. Commodity Futures Trading Commission after FXCM faced a sudden capital shortfall due to an unexpected Swiss National Bank flash crash, arguing it shouldn’t be punished for the market chaos that ensued because it was a victim of the event.

  2. August 19, 2016

    CFTC Sues Forex Capital Markets Over Past Capital Shortage

    The U.S. Commodity Futures Trading Commission on Thursday sued Forex Capital Markets LLC in New York federal court, saying the futures commission merchant and retail foreign exchange dealer last year missed its capital requirements by $200 million and failed to promptly report it to the regulator.

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