The Commodity Futures Trading Commission has won a court order to close Wall Street Brokers, which it had charged with illegally soliciting investors to participate in foreign currency transactions, Reuters reports. The Delaware-based firm is one of 14 that the CFTC sued, alleging they were operating without registering as foreign exchange dealers. The court order permanently bans Wall Street Brokers from carrying out various transactions involving commodity futures, options and foreign exchange contracts. A $280,000 civil fine plus interest has also been imposed on the firm.
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