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Enforcement

Saxon Financial Services, Inc., Saxon Financial Services

  • Date:

    2008-11-20

Contact:

3340 Peachtree Road, Suite 1800
Atlanta, GA 30326
USA

www.sfxtrade.com (no longer operational)

Background:

In 2006, British Columbia residents were solicited by Saxon Financial Services, Inc. to open accounts with GIFG (Suisse) S.A. to trade commodity options.  Saxon Financial Services, Inc. acted as an introducing broker to GIFG (Suisse) S.A.  Neither Saxon Financial Services, Inc. nor GIFG (Suisse) S.A. are registered to trade in, or advise on, securities and exchange contracts in British Columbia.

 

In July and August 2007, the Saskatchewan Financial Services Commission, the Ontario Securities Commission, the New Brunswick Securities Commission and the Alberta Securities Commission took regulatory action against Saxon Financial Services, Inc. and others.

 

On October 3, 2007, the United States Commodity Futures Trading Commission filed a complaint and obtained a restraining order against Saxon Financial Services, Inc.

Supporting Documents: