London Capital Group Discover Forex News Group: the latest behind-the-scenes insight into all the FX executive moves, platform advancements, regulatory changes, broker results and volumes

Exclusive: LCG hires Dave Worsfold as CEO, adds other execs

LCG is controlled by Swiss neobank Flowbank SA, which is run by former LCG CEO Charles-Henri Sabet.

Daweda Exchange Ltd, London Capital Group (Cyprus) Ltd, and Felicitas Management Investment Services Ltd lose their ICF membership.

The CySEC today announces the withdrawal of the CIF authorization of London Capital Group (Cyprus) Ltd.

CySEC stated that LCG does not maintain effective arrangements and procedures to detect and report suspicious orders and transactions.

The project seems to have attracted a number of former LCG colleagues of Mr. Sabet, including COO Mathieu Bruneau who was LCG’s COO.