London Capital Group Holdings plc (LCG), the online financial spread betting and trading company, could be facing a multi-million pound claim after an adjudicator for the Financial Ombudsman Service ruled that the company was liable for the total losses incurred by a client in the first half of 2009.
LCG had previously stated that it was responding to a query from the Financial Ombudsman Service (FOS) relating to commission rebating of a managed spot FX fund [...]
