The Commission filed actions against fourteen foreign currency firms in a nationwide sweep. The actions were brought simultaneously in Chicago, the District of Columbia, Kansas City and New York. Twelve of the cases allege that the firm acted as a Foreign Exchange Dealer without registering with the Commission. Each of the cases claims that the defendant solicited or accepted orders from U.S. investors to enter into forex transactions in violation of the Act. These are the first actions brought by the FTC to enforce the new forex regulations which became effective in October 2010. The cases are in litigation.