Just got this message and would like to share with you guys.

CFTC SUES 14 FOREIGN CURRENCY FIRMS IN NATIONWIDE SWEEP

WASHINGTON (AP) -- Federal regulators have filed suit against 14 small firms that officials say are breaking the law by selling foreign-currency contracts to individuals without being registered with a government agency.

The lawsuits announced Wednesday were the first show of force by the Commodity Futures Trading Commission under new regulations that took effect in October under the financial overhaul law. The lawsuits seek to force the firms to register with the CFTC before they can continue to operate. They also seek civil fines and restitution.

When an investor buys a foreign-currency contract, he buys the right to purchase an amount of foreign currency at a fixed price in dollars. Investors hope to profit from ups and downs in currency markets, but they can also suffer losses from sharp price swings.

The CFTC urged the public Wednesday to check whether a firm is registered before investing money. If the firm isn't registered, people should be wary of investing with it, the agency said.


http://finance.yahoo.com/news/14-firms-sue...ml?x=0&.v=5

http://www.cftc.gov/PressRoom/PressReleases/pr5974-11.html

http://www.reuters.com/article/idUSN2620254520110126

http://www.forexfactory.com/showthread.php?p=4347999


NOTE:
Delaware is legally offshore and is a haven for scams. Even some HYIP ponzi scams registered there to claim they are a legally registered business.
Evidently you can register a Delaware company anonymously and avoid any pesky legal entanglements.