Breaking: Plus500 Settles with Belgium Regulator for €550K
Posted: Mon Apr 24, 2017 6:43 am
Plus500 (LSE:PLUS), a UK-listed group providing trading services for foreign exchange (FX) and contracts-for-difference (CFDs) has reached a settlement with the Belgium Financial Services and Markets Authority (FSMA) of $597,000 (€550,000), according to a London Stock Exchange filing.
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Plus500 did not convey an admission of guilt or non-compliance, claiming that it had correctly implemented all necessary procedures to ultimately comply with the requisite legislation in Belgium. That being said, Plus500 opted for a swift resolution. The prompt settlement illustrates that the group felt that $597,000 was an appropriate figure.
The FSMA ... (read more)