Bust Global Brokers still in line for a forex licence
Nothing could be done about collapsed forex trader which never filed an annual return, regulators say.
Calida Smylie
Wed, 21 Jan 2015
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
There was nothing New Zealand authorities could have done to prevent Global Brokers NZ from going bust but new laws for forex traders will raise the bar in future, regulators say.
Global Brokers NZ, trading as Excel Markets, lost all its capital after the Swiss franc surged against the euro late
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Calida Smylie
Wed, 21 Jan 2015
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.