UK watchdog investigates defunct Premier FX

Pedro Gonçalves
UK watchdog investigates defunct Premier FX

Britain's markets watchdog said it had examined over 250,000 transactions done by firm Premier FX in an attempt to find missing cash in the collapsed company based in the Algarve, Portugal. Andrew Bailey, the chief executive of the Financial Conduct Authority, told parliamentarians on Tuesday that "the first priority is to find the money", with an FCA investigation into what it suspects was illegal activity. The Financial Conduct Authority asked the UK courts in August last year to decl...

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