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Plus500's management were paid £14 million on the same day thousands of customer accounts were frozen
Crisis-hit trading firm Plus500 paid out $23 million (£14.8 million) to executives on the same day it froze thousands of customers' UK trading accounts under orders from the financial watchdog. A final dividend and special dividend worth a combined $65 million (£42 million) were paid to shareholders on May 15, according to company filings. Plus500's management own 35% of shares in the business, meaning they would have taken home $23 million of the payout. Plus500, which is listed on London's small company stock market AIM, began freezing customer accounts on the same day as the dividend payments went out. The ... (full story)
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