Proceeding contribution from Michael McCann (Labour) in the House of Commons on Tuesday, 7 December 2010. It occurred during Adjournment debate on Crown Currency Exchange.
Crown Currency Exchange
A number of my constituents who have been involved with CCE have also contacted me. Is it not equally despicable that the company sought to suggest that the lucrative exchange rates for the US dollar that it was actively advertising were the result of orders that had been cancelled, which allowed it to offer these fabulous terms, when in actual fact it had no currency, and it simply wanted to bring cash flow in to continue trading? Is that not a major concern that should have been picked up by the FSA?
Secondary information
- Type
- Proceeding contribution
- Reference
- 520 c281-2
- Session
- 2010-12
- Chamber / Committee
- House of Commons chamber
- Subjects
- Complaints Compensation Currency speculation Financial services Insolvency Payments Regulation Crown Currency Exchange
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2023-12-15 14:01:53 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_690705
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