Financial Conduct Authority

  • Fake FX Trader Used Client Cash at Casinos, Nightclubs, FCA Says

    A 25-year-old man from London cheated investors out of 5.6 million pounds ($9.4 million) in a fraudulent currency-trading scheme, spending the money at casinos and nightclubs, the U.K. markets regulator said. Alex Hope used investors’ money “as his own personal piggy bank ,” Sarah Clarke, a lawyer…