Francesc Riverola,
Hi everyone
This morning I tried to contact Alexandre Axarlis, director and partner of ACM (AC Markets) and got the e-mail back.
I went to ACM’s web site and I was not able to find Alex at their Management Team page, so I decided to contact the Chief Marketing at ACM and ask him what had happened with Alex.
I got his confirmation that Alex had decided to step down from the operational management. I do not know exactly when and why this happened but I think it has not been long ago.
In November 2009, LLoyd La Marca, partner and CEO stepped down as well from daily management.
ACM - Advanced Currency Markets CEO, Lloyd La Marca, steps down from position
So from the 3 founders of the company, only Nicholas Bang is still in front of daily operations as a Deputy General Manager.
In the meantime, the Chief Marketing Officer told me that the company’s General Management was reinforced and Nicholas Bang was joined by Claude Favre, Fabrice Benouaich and Raoul Jacot-Descombes.
Asked about when they think they could get the banking license, the firm’s representative told me once again that they are still awaiting the FINMA’s decision, and that they hope that it will be very soon.
MIG Bank was the first Swiss Brokerage firm to get FINMA’s banking license on December last year.
M I G BANK: First Swiss Forex broker to obtain a Swiss banking license
Stay tuned
Francesc
Francesc’s
Any more news regarding the ACM licensing issue? The first quarter is almost over and it is hard to believe FINMA has not issued them their banking license. It is almost a year since ACM applied for the license. I saw the article you posted in February regarding “ACM listed in top 100 Companies”. Why is there such a delay with FINMA? Do you think the raid back in April 2009 and the two partners leaving the firm is playing a role in all of this?
Your thoughts are always appreciated!
N. Kramer
Hi N.Kramer
I heard that replacing founders by professional staff was part of the requirements FINMA required to ACM to get the banking license, but it is just a rumor… So far, that’s all I got
Francesc
Anything new regarding the FINMA approval for ACM?
N. Kramer
Before I was blocked from your forum by posting screenshots
off ACM criminal activity on a Forex Market. Now is all clear. Justice against ACM privail.
FINMA not granted a banking license to ACM :
http://translate.google.com/translate?hl=en&sl=fr&tl=en&u=http://archives.tdg.ch/TG/TG/-/article-2010-09-2963/la-finma-n-accorde-pas-de-licence-bancaire-actuC3actuA0-acm