Trader gets back 88,000.00 USD from series of FOREX transactions

Lately, we advised a client on a series of cancelled trades from the part of a New Zealand financial services provider. The client received the whole amount claimed. The decision is well structured and carefully reasoned. There are two notable aspects to this case. First, the FDRS adjudicator stressed the importance of the limit within which the transactions should be cancelled to meet the standard of fair and reasonable. Second, filled orders that may be requoted or refused for whatever reason cannot be subsequently revoked even if relying on a contractual arrangement. For the de-identified decision, click HERE .