Plus500 shares halted in Friday trading
There will be more than a few people missing the Bank holiday break as they remain heads down in sorting through the customer paperwork to clear the way for trading accounts to resume trading
The firm was forced to freeze accounts after the FCA conducted a review of money laundering procedures at the firm and they've been trying to make good their controls
Plus's shares were suspended today after suffering large losses again and closed at £2.48 after trading resumed. The shares are down 67% this week
Plus500 shares dump 67% this week
The smell of blood is in the water and one hedge fund has said it's shorting the stock to a target of 76p. Other funds have also jumped on the short trade
So far the earliest indication of any new news will be announced May 27th but it doesn't look good as the firm says it is "working on a comprehensive remediation plan" over the coming weeks
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