The United States Commodity Futures Trading Commission (CFTC) is pushing for a fine of $374,864 for unregistered FX firm PaxForex. This becomes clear from the latest filings with the Texas Southern District Court. PaxForex, a brand of Laino Group, operates a website and trading platform, which allows customers to trade FX, precious metals and certain digital assets including ether, litecoin, and bitcoin. The CFTC alleges that the problem with PaxForex’s business is that it is illegally soliciting or accepting orders for leveraged, margined or financed retail off-exchange Forex, precious metals, and digital asset ... (full story)