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How to living rich, happy, and comfort as become professional forex trader with emotion free trading methods and the best indicators and signals.Crown Forex appeals regulator bankruptcy ruling ZURICH, June 11 (Reuters) – Foreign exchange provider Crown Forex said it was appealing against a bankruptcy ruling by Swiss markets regulator FINMA and might also sue the regulator. Crown Forex, which says on its website


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Crown Forex appeals regulator bankruptcy ruling
By Reuters
ZURICH, June 11 (Reuters) – Foreign exchange provider Crown Forex said it was appealing against a bankruptcy ruling by Swiss markets regulator FINMA and might also sue the regulator.

Crown Forex, which says on its website it charges a one pip spread for forex trades, has appealed to the Federal Administrative Tribunal, its chairman told Reuters.

“The FINMA decision (to declare bankruptcy) was made to avoid responding to our appeal against an earlier decision to liquidate the company. FINMA are applying the law incorrectly,” Crown Forex Chairman Ibrahim Ali said late on Wednesday.

FINMA responded it was “positive” the court would decide it had applied the law correctly in the case of an appeal, it said in an email to Reuters on Thursday.