Published On: Sun, Jun 28th, 2015

Are Plus500’s Regulatory Troubles Over?

If the FCA money laundering investigation is complete, this could affect the chances of Playtech's bid.

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Has Plus500 put its regulatory troubles behind it? Sources inform “Globes” that it is believed in London that the renewed examination of the company’s customer verification documentation has been completed. The examination was required by the Financial Conduct Authority in the UK, because of money laundering suspicions. Plus500 has not responded to the report. Plus500, an Israeli company traded in London, specializes in online trading in contracts for difference on securities and commodities, with the company charging a commission on the difference between the buy and sell prices. The regulatory saga began six weeks ago, and led to a sharp fall in the company’s share price from a peak of 7.7 pounds in mid-May to a low of less than 2.2 pounds on May 22. The current price is 3.9 pounds, giving the company a market cap of 447 million pounds, about half its peak value. […]Continue reading

GLOBES logo-eng (1)  Published by Globes [online], Israel business news – www.globes-online.com

Plus500 was founded in 2008 by six alumni of the Technion Institute of Technology :Gal Haber, Alon Gonen, Elad Ben-Izhak, Shlomi Weizman, Omer Elezri and Shimon Sofer.

Search Results for: Plus500

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By Tali Tsipori On Wednesday, June 10th, 2015

Major Plus500 Shareholder Opposes Sagi Takeover

Playtech Cyprus Ltd.’s (LSE:PTEC) offer to purchase for Plus500 Ltd. (AIM: PLUS) shares was welcomed by the company’s five founders (their consent highlights their lack of confidence in the company’s More…

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By Ilan Shavit On Monday, June 1st, 2015

Teddy Sagi’s Playtech to Buy Plus500 for $670 Million

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By Tali Tsipori On Wednesday, December 3rd, 2014

Alon Gonen: We Want to Make Plus500 Much Bigger

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By Tali Tsipori On Thursday, December 5th, 2013

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By Globes On Wednesday, August 28th, 2013

Plus500 Reports Impressive AIM Debut Results

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By Ilan Shavit On Sunday, July 21st, 2013

CFD Trading Platform Plus500 Raises $25 Million of New Money on London’s AIM

– Trading in the share will begin on Wednesday, July 24. – CEO Gal Haber(R) and his co-founder Alon Gonen (L) – / By Ilan Shavit / Plus500, the developer and operates an online trading platform for More…

 

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