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Investing.com - Argentex LLP, the main trading subsidiary of Argentex, has agreed to a Voluntary Requirement (VREQ) with the Financial Conduct Authority (FCA) that restricts new trading activity, the company said on Thursday.
Argentex shares fell above 12% after the announcement.
The regulatory measures come as part of the FCA’s ongoing supervisory engagement with Argentex LLP following recent market volatility and liquidity pressures.
Under the agreement, Argentex LLP can continue servicing clients within defined parameters while facing limitations on new trading activity to specific products within regulator-approved trading limits.
Additionally, the FCA has established a new Individual Liquidity Guidance (ILG) level of £23.62 million for the company, which will take effect from July 16, 2025.
Argentex stated it is taking proactive measures to meet this requirement.
The company emphasized that it continues to operate with full client money protection in accordance with applicable regulatory regimes and remains committed to maintaining a strong relationship with the FCA.
Argentex’s board and senior management team are working to stabilize the firm’s financial position, protect client interests, and support a return to normal trading conditions, according to the statement.
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