Consultants fear mis-selling as forex brokers discover new options

Range accrual and Tarf variants too complex for UK SMEs, critics say

sam-bett-web
Sam Bett, JCRA

The film Boiler Room, released in 2000, tells the story of pump-and-dump stock-broking practices at fictional firm JT Marlin, in New York. Its brokers lie to gullible investors, sell them shares in fictional or failed companies, and leave them to suffer the consequences.

It is a horrible depiction of the industry. Surprisingly, in the UK's foreign exchange broking sector, it is also used as an induction video for new recruits, according to James Ducker, a director at Benchmark Treasury Pricing i

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