FOREX.com to pay a client $10,000 for lost profits

Not that I feel sorry for Gain Capital, but take a look at this story, I was surprised how easy it was for that guy to strike back against his broker.

http://forexmagnates.com/cftc-orders...-lost-profits/

There has to be more to this story... as it has been presented I kinda feel the ruling is really wrong.

I'm not about to jump in and defend Gain Capital, but I the client signed account agreements and remained ignorant of the risk despite it being plastered all around him. I don't really see this as Gain's fault...

...but like I said, there has to be more to this story. Maybe he was mislead?

Something happened where Gain chose to refund his deposit in full before he approached the CFTC... that alone tells me there's a fault on Gain's side they felt they were liable for... *digs through the CFTC ruling document*

Looks like GAIN is on my list of reputable brokers... excellent explanation to the n00b.

n00b obviously had tunnel vision on trying to make a quick profit and had selective hearing during his convo to the broker.