“The Premier FX Fraud Fiasco; and why it really matters…”
Online
The Premier FX fraud debacle hit the fan in 2018 following the death of its founder and sole director, Peter Rexstrew. Although the new directors attempted to continue the business and make payments to its customers, it soon became evident that the firm did not hold sufficient funds and so they ceased trading and the matter was reported to the FCA. In February this year the FCA’s Censure Report found that Premier FX had seriously misled customers, failing to safeguard their money and misusing its payment accounts. However, the report has done little to satisfy the many victims of Premier FX, who feel that it unfairly condemns them, rather than: ● The bank that carried out the transactions, for poor supervision and oversight of its trades ● Premier FX’s directors, for lying and destroying customer records ● The FCA itself, for failing to regulate effectively In this symposium, three Premier FX victims will be sharing with us their ongoing battle to get their money back, whilst exposing the many failures of the bank involved and the FCA who, once again, would seem to have failed to protect consumers from harm.
Details
Costs: FREE
Event type: Seminars, workshops and presentations
Registration information: https://www.transparencytaskforce.org/register-for-a-complimentary-ticket/
Event website: https://www.transparencytaskforce.org/upcoming-events/the-premier-fx-fraud-fiasco-and-why-it-really-matters/
Posted by: tina Kenyon
Organizer
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