The U.S. self-regulatory organization's head of enforcement is stepping down after two years
Allegations include falsified account statements and Ponzi-like payments
The SEC found that the firm failed to review inactive accounts and also overcharged clients
Alleged scheme involved off-exchange binary options on commodities and foreign currencies
Firm has agreed to pay US$1.95 million
Alleged scheme ran for more than eight years
The firm will pay a $250,000 fine and $50,000 in costs
Regulator says company executives diverted investor funds for personal gain
Church misled investors about where their money was going
David Middendorf was convicted of wire fraud charges back in March