NY-AG v. TFS-ICAP LIMITED

TFS-ICAP LIMITED and TFS-ICAP LLC allegedly posted fake trades in emerging market foreign exchange currency options to New York-based traders. According to NY-AG, between January 1, 2014 and December 31, 2105, TFS-ICAP brokers systematically announced fake trades in Latin American FX options to New York-based traders, via instant message chats and voice transmissions, in order to create a false appearance of liquidity.

Summary generated from official New York Attorney General press release