Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2023
Former executive insider-trading settlement
Former GAIN Capital executive Joseph Conlan settled U.S. Securities and Exchange Commission charges concerning profits made from nonpublic information about StoneX's acquisition of GAIN Capital. The settlement included disgorgement and penalties totaling $159,389.
2022
NFA penalty related to stale-quote incident
The NFA imposed a $700,000 fine over the handling of the 2021 system incident, related rule violations, and communications with regulators.
2021
Stale-quote system incident
A system error caused outdated prices for 14 currency pairs to remain visible for more than ten hours. Trades at stale prices created account imbalances, and the company reversed approximately $2.84 million in client gains while making smaller account adjustments.
2021
OANDA patent litigation
OANDA brought patent-infringement claims against GAIN Capital concerning technology related to price quotation and trade execution. A separate federal court ruling in 2024 rejected asserted claims against StoneX as insufficiently inventive, while the New Jersey litigation continued until a settlement in February 2026.
2020
WTI pricing lawsuit
A Chinese trader sued GAIN Capital after losses associated with negative WTI futures pricing and a platform halt before the close of U.S. crude-oil trading in April 2020.
2020
Japanese client-data breach
Forex.com's Japanese unit suffered a breach in which client personal information was exposed to an unauthorized third party.
2013
Cameron Farley litigation
UK investors sued GAIN Capital, alleging that Forex.com enabled trading for Cameron Farley Ltd., an unlicensed intermediary accused of operating a Ponzi scheme. The allegations concerned due diligence and whether the brokerage indirectly facilitated the alleged fraud.
2010
National Futures Association enforcement over trading practices
The NFA fined GAIN Capital $459,000 in connection with alleged unfair slippage practices, margin handling, and supervisory deficiencies.