Plus 500 shares sink after suspending some accounts
Shares in Plus 500 plummeted on reports it has suspended some accounts pending verification that they meet UK anti-money laundering regulations.
Financial Services
15,832.48
16:34 07/10/24
-1.04%
-166.73
FTSE AIM 100
3,589.71
16:59 07/10/24
n/a
n/a
FTSE AIM All-Share
738.61
16:59 07/10/24
n/a
n/a
Plus500 Ltd (DI)
2,446.00p
16:54 07/10/24
-0.81%
-20.00p
As of 13:49 shares in the London-listed Israeli-based contract for differences (CFD) outfit were lower by 14.13% to 644p.
Earlier in the day the broker had notified the market that JP Morgan had upped its stake in the retail Forex and CFD broker to 6.18% as of 15 May, up from 5.99% on 31 March 2015.