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IG Group adjusts client account terms after Ombudsman ruling

7th October 2015 10:42 am GMT

London-listed financial spread betting and CFD provider IG Group will compensate some of its customers by £1m following the outcome of a client case at the UK’s Financial Ombudsman Service (FOS).

The client case related to events surrounding the Swiss Franc debacle at the beginning of this year, which saw a number of customers lose money as the value of the Swiss franc surged.

IG itself lost out by around £27m after the Swiss National Bank removed [...]

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