View full page at forexfactory.com

 

FX Broker Wins $460,000 Fight With Retired Bulgarian Teacher

From bloomberg.com

Forex Capital Markets Ltd. won a London lawsuit over its right to revoke $460,000 worth of "abusive" currency and commodities trades placed by a retired Bulgarian teacher. Daniela Shurbanova, who made a series of U.S. dollar and gold trades following the release of non-farm payroll data in 2013, acted as a "cipher for her husband" who was already barred from trading with the unit of Global Brokerage Inc., Judge David Waksman said in his ruling. Shurbanova sued the brokerage accusing it of improperly voiding the transactions while FXCM countered that she and her family were sophisticated users of online currency ... (full story)

Story Stats

  • Posted:
  • Category: Forex Industry News