Brief by Shorts91 Newsdesk / 05:40pm on 13 Dec 2023,Wednesday Business
Foreign exchange firm RationalFX, founded by ex-London deputy mayor and current Labour parliamentary candidate for Leicester East Rajesh Agrawal, has entered special administration, prompting a warning from regulators that customer funds are uninsured. Administrators will assess holdings to determine protected client assets versus company capital. RationalFX blocked customer access last week before the appointments of Ed Boyle and Kristina Kicks to handle proceedings. They will manage claims and seek to return funds where possible. Agrawal, who exited RationalFX in 2016 and its board in 2022, expressed regret that market conditions forced lost trading.
