12 CFR 349.15 - Prohibited transactions.
(1) Cheat or defraud or attempt to cheat or defraud any person;
(3) Willfully deceive or attempt to deceive any person by any means whatsoever.
(b)Acting as counterparty and exercising discretion prohibited. If an FDIC-supervised insured depository institution can cause retail forex transactions to be effected for a retail forex customer without the retail forex customer's specific authorization, then neither the FDIC-supervised insured depository institution nor its affiliates may act as the counterparty for any retail forex transaction with that retail forex customer.