Monday, April 30,2012 : FINANCIAL SPREADBETTING FIRM BACK IN BUSINESS (Update)
Central Bank lifts suspension on MarketSpreads
The Irish Central Bank has lifted its April 5th suspension on financial spread betting firm Marketspreads after investigating its capital adequacy and audit opinion issues.
The issues in question are believed to have covered the period immediately before Marketspreads’ current owners bought the business from its previous shareholder, Worldspreads plc, reports the Irish Times.
In a public statement Friday Marketspreads said that the firm “…has now dealt with the legacy financial issues that had caused concern to the Central Bank and has reopened with a stronger capital base. Client funds have been, and will continue to be, 100 percent safe, intact and properly segregated.”