Cantor gets £70,000 fine

The regulator moved to impose the fine after investigating Cantor's use of free mobile phone giveaways and lack of prominent warning noticies on the risks of spread betting in a particular marketing campaign. The warnings signs were necessary because spread betting carries extra risk for unsophisticated investors that they could lose more than the initial sum invested if bets swing the wrong way. Even though these risks are outlined again by Cantor before it will allow customers to place bets, the regulator says the company could not "assume customers had read and understood [the warn...