Tag Archives: WorldSpreads
- Cantor Gaming inks 188BET, Cantor Index shunts punters to Spreadex
March 24, 2013
Cantor Gaming & Wagering Ltd. (UK), the betting offshoot of financial services giant Cantor Fitzgerald, has inked a deal to provide financial fixed odds betting for Isle of Man-registered online bookies 188BET. Nigel Singer, 188BET’s managing director, said the financial fixed odds offering would be a good complement to 188BET’s...
- Spreadex can’t collect from five-year-old; Kakavas can’t collect from Crown casino
May 23, 2012
This week, the UK financial services authority confirmed that almost all 15k clients of collapsed spread-betting firm Worldspreads would qualify for compensation. For around 80 high-end clients, the statutory compensation scheme will cover the first £50k; anything over that will have to be reclaimed from a pool established by administrators....
- WorldSpreads ‘market abuse’ alleged; MarketSpreads ordered to suspend trading
April 7, 2012
More light has been shed on the alleged shenanigans that led to the collapse of spread-betting firm WorldSpreads, which abruptly halted trading in March after an investigation revealed a financial shortfall of £13m on its books. WorldSpreads was supposed to be prohibited from offering financial advice to clients, but sources...
- FSA call in police over WorldSpreads collapse; Parties interested in assets; Board of directors investigated
March 20, 2012
City of London police have been called in to investigate the events that led spread betting firm WorldSpreads to enter administration over the weekend. According to the Guardian, the Financial Services Authority (FSA) is thought to have already discussed the matter with the police with a “procedural move” expected to...
- WorldSpreads insolvent, failed to segregate client accounts from company funds
March 18, 2012
Spread betting firm WorldSpreads will formally announce insolvency proceedings on Monday after an apparent accounting fraud led to a shortfall in client funds estimated between £10m and £12m. The company suspended trading in its AIM-listed shares on Friday, citing questions regarding “financial irregularities” on its books. Friday’s announcement followed the...
- WorldSpreads suspends trading; Epic Poker League execs called on carpet
March 17, 2012
Just days after spread betting company WorldSpreads announced the abrupt departure of CEO Conor Foley to “pursue other interests,” trading on its AIM-listed shares was halted after the company admitted it was “currently unable” to resolve its books due to “possible financial irregularities.” The company issued a statement stating that...
Interview with Epic Poker League Commissioner, Annie Duke
September 7, 2011
Epic Time at EPL’s First Event
August 30, 2011