Crisis Gets Personal After U.K. Spread-Bettor Fails
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For Britons who play the markets for a living, the collapse of spread-betting firm WorldSpreads Group Plc was the moment the financial crisis got personal.
About 15,000 clients, some of whom work for banks and stockbrokers, face losing cash in their personal WorldSpreads accounts after they were frozen last month. The London-based company was put into administration, a form of U.K. bankruptcy protection, on March 18.