(This article appears courtesy of International Financial Law Review, sign up for a free trial on their site)
Thouvenin Rechtsanwälte, Zurich
In particular forex traders managing accounts for more than 20 individual clients did not fall under SFBC supervision in the past, as long as those accounts were not interest-bearing and were only used to execute customer orders.
In recent years, the SFBC has seen a growing number of complaints, especially from smaller investors, regarding transparency, liquidity and risk disclosure, let alone the substantial losses sometimes suffered by these investors.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
