12 CFR 48.3 - Prohibited transactions.
(a) Fraudulent conduct prohibited. No national bank or its IAPs may, directly or indirectly, in or in connection with any retail forex transaction:
(2) Willfully make or cause to be made to any person any false report or statement or cause to be entered for any person any false record; or
(b) Acting as counterparty and exercising discretion prohibited. If a national bank can cause retail forex transactions to be effected for a retail forex customer without the retail forex customer's specific authorization, then neither the national bank nor its affiliates may act as the counterparty for any retail forex transaction with that retail forex customer.
Title 12 published on 2014-01-01
no entries appear in the Federal Register after this date.