The CFTC estimates that 711 customers are still owed a total of US$10,289,391 from their investment with Tallinex, an Estonian company registered and doing business in the Caribbean state of St. Vincent and the Grenadines.
Together with a potential penalty and interest, the sum total to be claimed is set be US$12.6 million.
On 6 July, 2018, the US regulator filed a motion for a Default Order against Tallinex at the Utah District Court. The proposed default judgement includes civil injunctive relief, equitable relief in the form or restitution, and civil monetary penalties.
The CFTC's complaint alleges that between at least September 2012 and at least September 2016, Tallinex solicited and accepted orders from US retail customers in connection with leveraged or margined forex transactions and offered to be the counter-party to these transactions.
https://news.err.ee/845325/us-...
