IFXBG Limited Withdraws Membership from GXG Markets and Appoints RST Capital as Client Sponsor
For Immediate Release
(Special Message: If you are looking to list on the GXG Markets UK, the best broker dealer to contact is RST Capital, www.rstcapital.com or email listing@rstcapital.com. Effective immediately, IFXBG will send all listings to RST Capital for the GXG Markets.)
For Immediate Release March 18th 2013. On 6th February 2013 IFXBG Limited was issued with a notice that their membership of the GXG exchange had been suspended pending a review by GXG Markets’ Regulatory Team.
During the review process, IFXBG Limited asked for assurances related to the status of the GXG Markets as having been passported into the UK, that the sophisticated investor stock exchange “GXG First Quote” has sufficient safeguards to ensure the investors within the First Quote where “sophisticated” under UK Law and EU, and that these items of which IFXBG had been operating under in good faith of GXG representations be confirmed. GXG Markets First Quote operates as a UK unregulated stock exchange under the auspice of a sophisticated investor market.
Without the assurances, and the recent decline of registrars within the UK to work with GXG companies, IFXBG Limited has decided that GXG Firms are not the profile of firms or exchange for IFXBG Limited to be working directly with in the UK Markets.
IFXBG Limited has therefore withdrawn membership on the advice of our UK compliance which has been accepted by the GXG Markets on this basis.
All IFXBG clients sponsored on the Exchange have been given 30 days’ notice to sign-up with RST Capital or find another sponsoring broker dealer.
IFXBG Limited is no longer a member of the GXG Markets, and has been terminated effective immediately by IFXBG Limited.
Compliance Department info@ifxbg.com
IFXBG Limited
If you are looking to list your firm on the GXG Markets, please contact RST Capital www.rstcapital.com, listing@rstcapital.com. RST Capital is the exclusive broker dealer working with IFXBG to assist clients interested in going public on the GXG Markets.
IFXBG Limited will assist your firm to upgrade to London Stock Exchange, Frankfurt, New York Stock Exchange, Irish Stock Exchange, and various African Stock Exchanges as designated by license. Contact IFXBG at info@ifxbg.com if you would like to list on a regulated high volume market in 30 days.
