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CFTC Sues Unregistered Retail Forex Exchange Dealer

From cftc.gov

The U.S. Commodity Futures Trading Commission today announced it issued an order filing and settling an enforcement action against Treasury Vault, LLC of Lehi, Utah for acting as an unregistered retail foreign exchange dealer. Starting in September 2017, Treasury Vault began offering through its website certain services in off-exchange foreign currency (forex) trading to U.S. retail customers who were not eligible contract participants. The retail forex transactions were in Vietnamese Dong and/or Iraqi Dinar. According to the order, Treasury Vault offered customers forex transactions utilizing a “reserve program” ... (full story)

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