December 24, 2012 BY Gerald Segal
German regulators shut down FXdirekt Bank
Germany's BaFin cites inadequate capital at FXdirekt. Germany's financial regulator BaFin announced Friday that it is shutting down leading German-based online FX broker FXdirekt Bank, due to inadequate capital following decreased client trading levels and losses suffered by the firm in the second half of 2012. FXdirekt had been the subject of some very negative…
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