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Violation Tracker Individual Record

Company: GFI Securities, LLC
Current Parent Company: BGC Partners
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $10,000,000
Year: 2019
Date: October 2, 2019
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: Brokers employed by GFI on its emerging markets foreign exchange options desk made false representations that certain bids and offers were executable and that certain trades had occurred.
Level of Government: federal
Action Type: agency action
Agency: Commodity Futures Trading Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: brokerage and financial technology
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.