Spread betting group, London Capital Group (LCG), may be required to pay up to £7.7 million to clients who lost money on a third-party currency fund, Financial Times reports. The group has been asked pay back £100,000 in losses to a customer who invested in foreign currency accounts managed by Integrity Financial Solutions. The investors accused LCG of improperly rebating commissions to the accounts, inflating customer balances and amplifying their losses in highly geared bets. Nearly 115 investors have lodged claims with the Financial Ombudsman Service for losses in the fund.
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