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Estonia-based Tallinex charged with $1.5 million fraud, failure to register as retail forex dealer

( June 5, 2017, 15:42 GMT | Official Statement) -- MLex Summary: The US Commodity Futures Trading Commission is charging Estonian company Tallinex with operating as an unregistered retail foreign exchange dealer and fraudulently soliciting US customers to trade leveraged foreign currency. The CFTC alleges Tallinex fraudulently solicited and accepted at least $1.5 million from US customers in connection with leveraged or margined foreign exchange transactions, from 2012 to 2016. Tallinex also falsely represented that it was doing business lawfully in the US and misrepresented the safety of consumer funds in the event of a financial collapse.Release follows below:...

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