Forex ripoff

If you still can’t find what you’re after, try contacting us and we’ll do all we can to help. Foreign exchange fraud is any trading scheme used to defraud traders by convincing them that they can expect to gain a high profit by trading in the foreign exchange market. Currency trading became a common form of fraud in early 2008, according to Michael Dunn of the U. The foreign exchange market is at best a zero-sum game, meaning that whatever one trader gains, another loses. In August 2008, the CFTC set up a special task force to deal with growing foreign exchange fraud. In 2012, Christopher Ehrman, an SEC veteran, was selected to run the new SEC Office of the Whistleblower. United States, has noted an increase in the amount of unscrupulous activity in the non-bank foreign exchange industry.