Plus500 to pay €550 000 to FSMA in settlement, does not admit guilt

Discussion in 'Wall St. News' started by mlawson71, Apr 26, 2017.

  1. mlawson71

    mlawson71

    Plus500, one of the major forex and CFD brokers, said it has reached a €550 000 settlement agreement with Belgium’s regulator, the Financial Services Markets Authority (FSMA).

    The settlement was reached in the context of the public offering of investment instruments, including CFDs, by Plus500 in Belgium. The company, however, notes that the agreement does not mean admission of guilt, but rather a demonstration of respect for the authority of FSMA and to reach “a swift and final clearance of the jurisdictional process”.