An item from NZ website

  • Bust forex broker Global Brokers NZ was apparently in breach of financial reporting laws and faced potential criminal sanction by the Companies Registrar
  • On Friday, Excel Markets told customers it had sustained a total loss of operating capital after an unexpected Swiss central bank decision triggered dramatic currency market moves.
  • “GBL can no longer meet regulatory minimum capitalization requirements of NZ$1,000,000 and will not be able to resume business,” it said.

More at the link: Bust forex broker Global Brokers NZ on Ministry blacklist