FINMA warns that Crown Forex may be not the only Swiss Forex broker to fall

As it was extensively reported in the past few weeks Crown Forex is being liquidated and today a Swiss court had declared it bankrupt, as expected. Crown Forex's assets will be liquidated after the company's appeal against an earlier ruling was rejected. FINMA then went ahead and warned that more Forex brokers could follow given the new Swiss regulations. While these regulations are not as stringent on the technical side (no Anti-Hedging or Anti-Pricing yet) they still require almost 5 times more Net Capital than the NFA requires, making it extremely difficult for some Forex brokers to comply. Currently there are only 5 approved Swiss Forex brokers, but there are still several more. link...