Research|September 11, 2012 3:35 am

CFTC Orders ACI Capital Group, L.L.C. and Alexandre P. Guimaraes to Pay Approximately $850,000 in Restitution and Penalty to Settle Forex Fraud Charges $$

The CFTC filed and simultaneously settled charges against Alexandre P. Guimaraes and his company, ACI Capital Group, L.L.C., both of Irvine, Calif., for fraudulently soliciting customers to trade off-exchange foreign currency contracts, issuing hundreds of false monthly account statements to customers to conceal trading losses, and misappropriating a portion of customer funds.

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CFTC Orders ACI Capital Group, L.L.C. and Alexandre P. Guimaraes to Pay Approximately $850,000 in Restitution and Penalty to Settle Forex Fraud Charges $$

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