Regulator blamed by spread-bet firm for €700k expenses

Global Trader, an international financial spread-trading company, has accused the Financial Regulator of costing it €700,000 due to a failed attempt to be regulated in Ireland.

30th July, 2005

Global Trader, an international financial spread-trading company, has accused the Financial Regulator of costing it €700,000 due to a failed attempt to be regulated in Ireland.

It said that the reluctance of the regulator here to authorise spread betting firms had forced it to remove its headquarters to London from Dublin. The firm, which in recent weeks has been awarded regulatory approval by Britain's financial services authority, is again stepping up its presence in Ireland...

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