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‘Exploited’ investors lose fortune, $280m fines mulle…

Pelican Press

By Pelican Press,
in World News

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Brokerages found to have profited handsomely from vulnerable customers who lost millions of dollars on highly risky investment products could be hit with $280 million fines. Investors lost $83 million by investing in complex, high-risk over-the-counter derivatives pushed by foreign exchange broker Union Standard International Group and its two authorised representatives between 2018 and 2020.

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