The U.S. Commodity Futures Trading Commission (CFTC) filed a civil enforcement action in the U.S. District Court for the District of New Jersey, charging Defendants Alcibiades Cifuentes, Jennifer Wee Cifuentes, both of West New York, New Jersey, and Cifuentes Fund Management, LLC, with off-exchange, leveraged or margined retail foreign currency (forex) fraud, commodity pool fraud, and failing to register with the CFTC.
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