Peter Beck, CEO of the former day-trading firm Swift Trade, today confirmed that the UK’s Upper Tribunal Chancery Court is set to review ‘de novo’ (anew) all evidence from both parties concerned with the FSA’s allegations against Swift Trade’s clients’ traders’ Contract For Differences (CFDs) trading, conducted in 2007.
The case - and the FSA’s interim decision against Swift Trade - has been ‘referred’ to the Upper Tribunal. The hearing is expected to take place in spring 2012.
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Peter Beck Confirms UK Court Set To Review Fresh Evidence In FSA Allegations Re Swift Trade’s 2007 Trading Strategies - Upper Tribunal Chancery Court Calls FSA And Swift Trade To Resubmit All Evidence In Manipulative Trading Allegations For Full Review
Date 30/08/2011