Regulatory Alerts2026-06-05
Added · Updated
Final Order — Money Services Business
The Florida Office of Financial Regulation issued a Final Order against Riedel & Vogel Schuh LLC d/b/a Inka Forex Trading and its owner Nibia M. Riedel for violating state money services business laws. The respondents consented to findings that they failed to timely renew their FinCEN registration and failed to report their DBA name and website, resulting in unlicensed transactions. As part of the settlement, the respondents agreed to pay an administrative fine of $1,875 and to cease and desist from future violations of Chapter 560, Florida Statutes.
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