IG Group to pay £1 million over Swiss franc losses
UK spread-betting firm will compensate clients after Ombudsman ruling
IG Group will pay out £1 million ($1.5 million) to compensate clients who lost money after the monumental Swiss franc move on January 15.
A ruling by the Financial Ombudsman Service (FOS) in London found the UK spread-betting firm should have given a better rate to one of its clients.
Although the FOS acknowledged the company acted in accordance with terms and conditions of a client agreement and complied with principles of best execution, a higher price would have been "more reflective of the
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