Foreign exchange firm Excelsior Markets appeals FMA deregistration

Tue, 29 Sep 2015

By Fiona Rotherham Sept. 29 (BusinessDesk) - Excelsior Markets, an Auckland-based online foreign exchange trading company, is appealing a decision by the Financial Markets Authority to deregister it one day after the successful appeal of another firm, Vivier & Co. Excelsior was one of 23 firms the markets watchdog removed from the Financial Services Provider Register in May after reviewing referrals from the registrar. The FMA has powers to direct the registrar to remove companies where it is likely they are giving a false or misleadin...

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