Here’s the notice from Bloomberg: https://www.bloomberg.com/news/articles/2019-04-28/ig-offloading-cannabis-stocks-on-legal-advice-telegraph-says
Here’s the legal opinion (UK only) that kicked this off: https://www.macfarlanes.com/what-we-think/in-depth/2019/turning-over-a-new-leaf-cannabis-uk-investors-and-the-proceeds-of-crime-act-2002/
Vague? Only if your fingers can’t form the word “google.com”.
It’s pretty clear. UK citizens (and companies like IG) can not buy, sell or own cannabis stocks anywhere in the world.
Somebody might want to tell the CEO of EXL to call his lawyer. Paul is a Brit.
Did anyone else receive this from IG Markets, page-17
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