The Financial Services Board (FSB) says the company is not authorized to offer any financial advice and intermediary services in South Africa.
Read moreUnable to introduce new clients into the system, ACM Gold affiliates are looking elsewhere for business.
Read moreACM Gold's current problems with the FSB in South Africa apparently stem from its connection with Colin Davids, a popular Pastor with a taste for the high life financed by promising outsized Forex trading returns.
Read moreThings are not getting better for embattled South Africa-based retail forex broker ACM Gold. As the company is attempting to have its FSB license reinstated from 'provisionally withdrawn' status - which for the time being restricts ACM Gold to dealing with existing clients, but it cannot onboard any new clients - another of its sources…
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