BroCo’s Mauritius FSC license suspended
By Forex Magnates
Six month after licenses of 5 retail forex firms were unexpectdely revoked by the Mauritius FSC, with no reason given the FSC has announced that it suspended another forex license this time of BroCo Investments Inc. Again, no reasons were provided.
BroCo is a focus of an ongoing SEC investigation for fraud made by one of its clients in the US. Seeing how Mauritius FSC treated the previously suspended firms I can assume that the suspension will become a revocation soon. It seems Mauritius FSC has made a complete shift in its policy and forex brokers are no longer welcomed on the little African island, which not long ago has launched its own forex exchange.
Francesc Riverola,
