Worldspreads collapsed with debts of £32 million in 2012 after the discovery of financial irregularities. Image: iStock

The founding chief executive of collapsed spread-betting firm Worldspreads, Conor Foley, has avoided a planned £658,900 (€725,000) fine from UK financ(...)

Spread betting allows players to bet on the movement of stock market indices, share prices, commodity values, currencies, asset values, and sports results. Photograph: iStock

The UK Financial Conduct Authority said on Friday that it was seeking to fine the former chief executive of collapsed spread-betting firm Worldspreads(...)