Tag: Financial Services Authority
The WorldSpreads Collapse: the Moral of the Story
Shortly after midday on March 16 of this year, trading in shares of the once widely respected financial spread betting company, WorldSpreads, was suspended. The company collapsed, being unable to pay £14 million of debt to its 15,000 customers. “Accounting irregularities” had been discovered, which are the result of either negligence or fraud. It was […]
Follow Us!