Breaking: Polish Regulators Accuse XTB of Fraud as Share Prices Plunge 35%
Posted: Sun Nov 12, 2017 12:12 pm
Polish brokerage XTB (WSE:XTB) has found itself under the scrutiny of domestic regulatory authorities and has admitting to over a dozen client infringements collectively totaling millions of dollars. The legal setback has caused an abrupt collapse of share prices which dropped by more than 35 percent, with stock exchange authorities taking steps to temporarily suspend trading, according to a local newspaper report.
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A determination was made by the Polish Financial Supervision Authority (KNF) and the prosecutor’s office, following a lengthy investigation. ... (read more)