Will this help Plus500 resolve its issues with the FCA? And help solidify its relationships with affiliates? Or is Playtech inheriting a potentially volatile situation?
Read moreAfter a transaction that took place on May 28, 2015, the wealth manager now holds 23,941,198 voting rights, or a 20.84% stake, in Plus500.
Read moreFurther to our earlier article entitled Plus500 transfers London clients to Cyprus, which was based on a letter sent to a client by Plus500 Ltd (LON:PLUS), we have been able to clarify the situation a little better. It seems as though Plus500 is not automatically transferring any Plus500 UK clients to Plus500 CY (both regulated subsidiaries).…
Read moreLeapRate has been provided with a letter to a Plus500 customer, explaining that his trading account which was originally opened and operated by the firm's London based, FCA regulated operations, has been transferred to Plus500's CySec regulated operations in Limassol, Cyprus
Read morePlus500's Annual General Meeting has concluded, ensuring CEO Gal Haber a continued tenure, and an increase in contract fee payable to Wavesoft Ltd. for Mr. Haber's tenure as CEO from NIS 900,000 (plus VAT) per annum to NIS 1,200,000 (plus VAT) per annum
Read moreAs of May 26, 2015, the investment bank holds 5,254,079 shares, or a 4.57% stake, in the FX broker.
Read morePlus500 has stated that it is continuing to make progress re-approving existing customers' documentation and now has 40 staff working on the project, whilst refuting certain misrepresentative media coverage by blogs and press organizations which cast aspersions on the firm's capital position and accounting practices
Read moreA very prudent time at which to buy shares in Plus500, Odey Asset Management has increased its stake from 16.27% to 19.08%
Read moreIG Group is accelerating the launch of its Affiliate program in the wake of Plus500's problems, while ETX Capital is making special offers targeted at Plus500 affiliates.
Read moreAt market close today, one share in the retail FX and CFD broker traded at 248p, down 35% from the previous market close.
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