socialmedian: FSA poised to investigate brokerage over £30m fraud lawsuit

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FSA poised to investigate brokerage over £30m fraud lawsuit - Debt Management Today

Submitted by Priyankagill

Mar 28, 2009

Summary

FSA poised to investigate brokerage over £30m fraud lawsuit

Wednesday 25th March 2009

An international brokerage is set to receive an FSA investigation after it emerged that a former senior broker intentionally and continually misled a day trader, causing him to lose millions placing trades through the firm.

MF Global, which used to be known as Man Financial, a spin off from hedge fund manager Man Group, is facing a £30 million fraud lawsuit brought against them by prolific trader Rajesh Gill. Read the full article

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