- ALB shuts down European operations and begins process to withdraw regulatory license from the Malta Financial Services Authority.
European operations of ALB are shutting down as the broker moves to withdraw its regulatory license from the Malta Financial Services Authority (MFSA).
A formal request has already been submitted, and clients have received notices asking them to close all open positions within a month. Any remaining trades will be closed automatically two weeks after the deadline.
ALB is also collecting details from clients to transfer remaining funds to approved financial or investment institutions.
