I just stumbled into an interesting post on Francesc’s blog today talking about how Fortune, a company which produced much hype claiming it’s going to sue Saxo and get its license suspended and whatnot, was shut down itself by the regulators on the same day. Its two managing directors were suspended as well. Isn’t it ironic, don’t you think?
This adds to some thing I’m aware of for a while now – recent license suspensions and regulatory accusations such as against Saxo, or what happened in Belize and Mauritius in the past few months – may not be what they seem.
Forex Trading Disruptor Sees Growth Thanks to Offshore Regulated StatusGo to article >>
I’m currently busy gathering all the facts and evidences but it seems that a certain broker has a huge interest in seeing its competitors brought down even if this means taking legal and illegal measures. Once I get all the facts together I’m sure this will send shock waves through the industry.
Updates to follow.