Exclusive: IKON Finance Agrees to FCA Voluntary Requirement, Suspends Trading

[kreslik.news]

IKON Finance, a UK Financial Conduct Authority (FCA) regulated firm, has agreed to suspend client order processing for an unspecified period of time. The company accepted a voluntary requirement (VREQ) from the FCA and will not be executing any orders which its clients are sending via the company’s platforms.

The changes to the operations of IKON Finance are active until the company fully complies with the specific FCA requirements which the regulator imposed on the brokerage. According to an initial announcement made to clients, the firm has been able to process withdrawals and transfer accounts to any other FCA regulated firm.