Are Forex signals legit? A Comprehensive 5-Part Analysis

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4.1. Notable Legal Cases Involving Forex Signals

• Federal Trade Commission v Forex Signals LLC: The defendant was required to pay nearly $1 million in restitution for defrauding consumers with Forex services.
• Houw v United States of America: The plaintiff faced charges and penalties despite operating in Australia.
• Securities and Futures Commission v Mega Tend Ltd: The appellant had to repay clients’ Forex transaction losses due to unauthorized promotional activities.

1. 5. Conclusion and Recommendations of Forex signals legit