Based on the latest CFTC statement, the regulation authority has revoked registration of Veruus Wealth Management LLC due to confirmed fear of civil theft and conversion of investments in managed forex trading accounts. So far, the broker has been liable for the theft of $339,517. The deposited funds in Veruus managed forex account virtually disappeared back in 2012.
CFTC also commented that another forex related company is in trouble. Arista LLC in association with Abdul Sultan Walji and Reniero Francisco are under investigation for the fraud of more than $9.5 million and falsified statements to CFT an NFA