Monday April 6, 2020

US broker tells Irish clients to prove wealth or face huge trading costs

A major US stockbroker has told high-net-worth Irish investors to prove that they are wealthy or face costly sanctions.

27th May, 2006

A major US stockbroker has told high-net-worth Irish investors to prove that they are wealthy or face costly sanctions.

Cantor Fitzgerald has told major Irish stockbrokers to instruct their clients who use Cantor’s contracts for difference (CFD) products to prove they can sustain losses. Cantor has given the clients a deadline of July 1 to submit statements of their net worth.

Most of the Irish brokers, including Davy, Goodbody, Bloxham and Merrion Stockbrokers, act...

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