Breaking News… Rumor has it that FCA regulated retail FX and CFDs broker GKFX Financial Services Limited continues to reshape is management team, this time hiring Mohsin Jameel as its new CEO. Mohsin Jameel is a serial entrepreneur, CEO of a FX and CFD’s Consulting Services company named Bull InfoTech.
Mohsin Jameel has already been added to the FCA register as a contact name for the company.
As we exclusively reported back in April 2018, GKFX CEO Brian Myers decided to resign from the company, and joined rival Divisa/Equiti Group as UK CEO. The company then hired Rob Woolfe, co-founder and CEO of UK/Cyprus spreadbetting firm Capital Index.
Marcus Scarlett replaced Nick Beecroft as Chairman of GKFX soon after. Mazhar Manzoor was also added as a Compliance Director in August 2018. Board Chairman Nick Beecroft departed the board and the company bringing on board Marcus Scarlett as his replacement as Chairman same month.
LeapRate reached out for details, however, GKFX was not willing to comment. The rumor continues to spread around town, along with the assumption that the broker had a section 166 served on them by the FCA. Section 166 gives the FCA the power to commission an independent review into certain areas of the firm’s activities where there is a cause for concern or when further analysis is required.
LeapRate will share more detailed information as soon as we receive any comments from GKFX.