Just more and more bad news for Spreadbetting firms ?

The former banker founded internet securities dealer CMC Markets in 1989.
According to the company's website it deals with over 26 million trades each year. It has an estimated worth of £1.25 billion.

Mr Cruddas, who is 90th in The Sunday Times Rich List, has amassed a £750 million fortune. In 2006 he was described as the richest man in the City.

Conservative Party co-treasurer Peter Cruddas offered access to the prime minister and chancellor for £250,000, the Sunday Times has alleged.

It has recorded footage which shows him apparently making the offer to undercover reporters.

London-based Mr Cruddas was appointed Tory co-treasurer in June 2011 and is the founder of online trading company Currency Management Consultants Ltd.
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"Two hundred grand to 250 is Premier League… what you would get is, when we talk about your donations the first thing we want to do is get you at the Cameron/Osborne dinners," he says.

Src:(BBC )