Gain Capital refutes fraud accusation

The suit, filed in New York by Spencer Rawlins, along with around 200 others who invested with Sterling Forex, which is now defunct, alleges that Gain and Sterling Forex covered up losses and did not allow access to their accounts on Gain’s platform.

"The claim that Gain Capital acted fraudulently with regard to customer accounts managed by Sterling Forex is factually unfounded and without merit," said a spokesperson for Gain. "All customers of Sterling Forex executed a Power of Attorney

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