Fx firm salespeople misrepresented Forex pricing to clients – ForexLive

American Specific is sacking personnel and reimbursing funds to shoppers right after finding  salespeople misrepresented pricing to clients.

  • terminated ten personnel in the foreign-trade international payments office
  • retraining 28 others
  • reimbursing shoppers

By means of a Wall Road Journal report:

  • the Forex unit experienced routinely increased forex-conversion fees with out notifying clients
  • purpose ws to increase income
  • US federal businesses, which includes the Justice Office, the Federal Reserve and the Shopper Money Safety Bureau, have because been probing AmEx’s foreign-trade pricing methods.
Link (Journal is gated) 


Let’s block advertisements! (Why?)

Scalping Strategy Course (DVD + Online) - $299.00

In the much anticipated Forex Scalping Strategy Course, Vic and Sarid show you short-term focused techniques and strategies to make quicker profits while reducing market exposure.

Forexmentor Coach's Corner First Month (Online) - $149.00

The Coach's Corner offers 2 live sessions per week, an integrated approach to trading, FREE access to the VicTrade video course and Darko's Pattern Trading Video Lessons.

Resource hyperlink

Have your say