first_img Spread-betting firm London Capital Group could be forced to pay £7.7m by the financial ombudsman. The regulator ruled that the company, which provides online gaming platforms for Paddy Power and PartyGaming, must repay £100,000 to clients who lost money on a third-party currency fund. The fund, provided by London Capital yet sold by Integrity Financial Solutions (IFS), reportedly lost investors thousands of pounds. A further 114 clients who say they lost money in the fund have come forward, bringing the claim total to approximately £7.7m. Hampshire-based IFS, part of parent company UK Integrity Group, was said to be under investigation from the Financial Services Authority over its sales practices, yet went into liquidation in October 2009.Clients who had invested in the fund then turned to the Financial Ombudsman in an attempt to claw back lost cash. The new ruling comes after no action was initially taken against London Capital. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikePast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorymoneywise.comThe Most Neglected College Football Stadiums In The U.S.moneywise.comQuizscapeThe Irish Can’t Handle This Slang QuizQuizscapebonvoyaged.comTotal Jerks: These Stars Are Horrible People.bonvoyaged.comZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldNext RefinanceThis Is Why The Roy Rogers Museum Has Been Closed For GoodNext RefinancePost FunCouple Makes A Bet: No Eating Out, No Cheat Meals, No Alcohol. A Year After, This Is ThemPost FunDefinitionHistorians Doubt These 21 Famous People Ever ExistedDefinition whatsapp KCS-content Monday 14 February 2011 9:58 pm Show Comments ▼ More From Our Partners Kansas coach fired for using N-word toward Black playerthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comcenter_img whatsapp Share London Capital faces £7.7m bill Tags: NULLlast_img