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AFX Markets Special Administrators announce missing client funds
AFX Market liquidation process is getting worse and worse. Except for the investor compensation fund, there is little to none good news for the AFX Markets investors. AFX Markets Special administrators have shared their report publicly. Numbers scream ''How could this happen?'' According to the special administrators' report, AFX Markets UK held GBP 7.8 million worth of funds for 1,025 live customers. However, according to the FCA notice, AFX Markets only held GBP458,697 in their UK bank. As a result, there is as much as GBP7.3 million deficit. Although AFX Markets in the UK is a part of the AFX Markets (Capital) in ... (full story)