 "The Evening Standard (London, England)")
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Leopold Joseph fined over forex control failings.
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Byline: JIM ARMITAGE
LEOPOLD Joseph & Sons, banker to the Rolling Stones, was today dealt a stinging rebuke and fined by the Financial Services Authority over lax controls that allowed a foreign exchange investor to go five times over their credit limit.
The private bank was given discretion to use the customer's money to trade forex within a preset limit of potential losses. But, unknown to the client, Leopold Joseph's traders ran up losses way beyond that barrier.
The punter, who remains unidentified, was able to pay up, but the regulator warned that such poor ...
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Leopold Joseph scoops 14% more.
Newspaper article from: The Evening Standard (London, England)
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 "The Daily Mail (London, England)")
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Private bank boss fired.
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Leo Joseph fined over huge losses
Newspaper article from: Evening Standard - London
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Leo Joseph fined over huge losses.
Newspaper article from: The Evening Standard (London, England)
; Leopold Joseph fined over huge losses , banker to the Rolling Stones, was today slammed...with a pre-set limit to fund any losses. But, unknown to the client, Leopold Joseph traders racked up huge deficits. Despite the unauthorised losses, the...
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