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CFTC secures $1.7bn Court order against Mirror Trading International Proprietary Limited
The Commodity Futures Trading Commission (CFTC) today announced Judge David A. Ezra of the U.S. District Court for the Western District of Texas entered a consent order against Mirror Trading International Proprietary Limited (MTI) on September 6, finding it liable for fraud in connection with retail Forex transactions, fraud by a commodity pool operator (CPO), registration violations, and failure to comply with CPO regulations. MTI is a company currently in liquidation in the Republic of South Africa. The order stems from a CFTC complaint filed in June 2022 and requires MTI to pay more than $1.7 billion in ... (full story)