SEC release no. 2015-163- Exante’s Official Response
EXANTE would like to address the above press release by the US Securities and Exchange Commission (SEC) and the sensational and inaccurate headlines that followed in the local media.
EXANTE holds a license with no. IS/52182 with the Malta Financial Services Authority (MFSA). EXANTE is a broker and provides DMA to most markets in the world. Contrary to claims in the complaint as well as media, EXANTE has never been and is not a hedge fund. Our business model is to execute trades for our clients.
The complaint completely misrepresents EXANTE, our business model, and the regulatory conditions we operate in.
Related Article: Malta-based hedge fund involved in $100 million fraud
EXANTE has throughout worked hard to build a strong brand respected by its peers that serves as a one-stop shop for all markets and instruments. The company was built for traders by traders and any illicit trading will not be tolerated.
EXANTE is in direct contact with multiple authorities including the MFSA to resolve this issue swiftly. We have no doubt in time we will be proven to have acted in an appropriate manner and await the factual results.
Our employees will continue to work hard to ensure Exante clients continue to receive outstanding service whilst gaining peace of mind and security.
Source: EXANTE
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