Crown Forex Was Told to Liquidate
March 05, 2009
Crown Forex has been under investigation since December of 2008. Some traders had filed complaints against the broker about having difficulty withdrawing their funds.
In its investigation on the activities of Crown Forex, the Swiss Financial Market Supervisory Authority (FINMA) decision is to liquidate it. Crown Forex has now 30 days to present its allegations against the FINMA decision. As long as the decision is not effective, the accounts of Crown Forex S.A. are blocked and customer withdrawals are not possible. The final resolution will be released not later than March 23, 2009.
