WorldWideMarkets Ltd., a related company, and their principal are liable to the government in a civil enforcement suit alleging they misappropriated $4 million from foreign exchange customers.
The Commodity Futures Trading Commission is entitled to a default judgment on claims that the retail forex dealer misrepresented its regulatory compliance, Judge Evelyn Padin said Dec. 31 for the US District Court for the District of New Jersey. Monetary awards haven’t been determined yet. The default judgment also applies to a related technology company and the firms’ owner, Thomas Plaut.
The CFTC is also entitled to judgment ahead of trial on some ...
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