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UK financial regulator secures reimbursement for forex scam victims

( February 24, 2023, 14:53 GMT | Official Statement) -- MLex Summary: The UK’s Financial Conduct Authority has secured funds from an individual whose company was found by a court to have unlawfully advised on investments and promoted contracts-for-difference forex trading promotions. Mohammed Maricar, who ran 24HR Trading Academy Ltd, was placed in bankruptcy after failing to pay the money he was ordered to by the UK’s High Court. The FCA says it has now received around 106,000 pounds ($126,000), and is applying to the court for a distribution order for affected consumers.Statement follows...

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