Heute: MF Global - Muttergesellschaft von GNI Touch - seines Zeichens wiederum erster CFD Retailbroker.
Man Financial, the City brokerage, deliberately overstated the value of a customer trading account by millions of pounds in a systematic “fraud”, the High Court will hear today.
The brokerage, now known as MF Global, once told prolific day-trader Rajesh Gill that his fund was worth £9.7 million when its true value was £1.5 million.
He says that MF Global and Matthew Bomford, its account manager responsible for his trades, repeatedly manipulated the value of his positions while assuring him he was trading “incredibly” and making “blinding” profits , according to documents filed with the Court.
The true position, he argues, was that both MF Global and Mr Bomford knew Mr Gill was making heavy losses but continued to deceive him because they were earning huge commissions from his regular trading.
Heute: MF Global - Muttergesellschaft von GNI Touch - seines Zeichens wiederum erster CFD Retailbroker.
Man Financial 'overstated value of account by millions'
Quelle: Times Online
Trader sues broker for £35m over 'hidden losses'
Quelle: thisislondon.co.uk