Sector Regulation Sector Regulation

Wave of US CFTC forex fraud cases elicits warnings from top officials

By Neil Roland
  • 03 Oct 2023 20:20
  • 03 Oct 2023 20:53
The US Commodity Futures Trading Commission has filed a spate of foreign exchange fraud cases this year, prompting admonitions from top officials.
“We continue to uncover and vigorously prosecute retail fraud and in Forex,” CFTC Chair Rostin Behnam said in a speech* yesterday (see here).

He cited a $1.7 billion

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Neil Roland

Senior Correspondent

Neil has covered U.S. financial regulation for over two decades, mostly for Bloomberg and Crain Communications. He received a Loeb award for coverage of regulators' response to the collapse of Enron. He also garnered a SABEW award and some Jesse H. Neal awards for stories on the Federal Reserve's response to the 2008 financial crisis. Roland has appeared as a commentator on Fox TV, NPR, C-Span and Bloomberg TV. He received a Master's degree in public policy from Harvard and a Bachelors degree in economics from Cornell.

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