Worldspreads clients closer to FSCS compensation

Worldspreads was placed into the special administration regime by the FSA last month after the discovery of accounting irregularities and a shortfall in client monies of about £13m. Clients will now be able to review the details of their account and confirm whether they are correct or whether they disagree with the statement, KPMG said. Jane Moriarty, special administrator of Worldspreads and restructuring partner at KPMG, said: "While the sudden collapse of Worldspreads has understandably caused a great deal of distress for the company's clients, the issuing of all final client state...