FOREX NEWS

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) 

ForexLive

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