Quote Originally Posted by laidback View Post
One of the lower than life programs discussed at TG is Instaforex. It is based out of Russia, has no accountability or licensing and the company reps are quite combative when pressed about it. It therefore did my heart good to see the article on Patrick Pretty today:

BULLETIN: CFTC Conducts Major Sweep; 14 Forex Firms Accused Of Illegal Solicitation Of U.S. Citizens; Actions Filed In New York, Chicago, D.C. And Kansas City

Notice the bold entry in the perp list:

Here is the lineup of defendants in what the CFTC described as a major nationwide sweep:

* EuroForex Development LLC, a Delaware LLC.
* FIG Solutions Limited Inc., a Delaware corporation.
* ForInvest, a Delaware corporation.
* FXOpen Investments Inc., a Delaware LLC.
* FXPRICE, a Delaware LLC.
* GIGFX LLC., a Delaware company.
* InovaTrade. Inc., a company with purported offices in Florida.
* InstaTrade Corp., d/b/a InstaForex, a British Virgin Islands company.
* InvesttechFX Technologies. Inc., a Canadian corporation located in Toronto.
* J&K Futures. Inc., a company with purported offices in California and New York.
* Kingdom Forex Trading and Futures. Ltd., a Nevada company.
* Prime Forex LLC, a Delaware LLC.
* Wall Street Brokers LLC, a Delaware LLC.
* ZtradeFX LLC, a Connecticut LLC
Definitely worth sharing, thanks for this critical information about this company.