The Financial Conduct Authority (FCA) is set to extend the retail market ban of contract for differences (CFDs) and binary options, which was proposed by pan-European regulator ESMA earlier this year, to include "closely substitutable products".
In March, ESMA introduced a number of EU-wide temporary measures for the provision of CFDs, including a ban on the sale or marketing of binary options to retail investors. Following a consultation as...
Staff are your responsibility
More than 4,500 retail investors affected
Paid out £54m in related compensation
Still under-serviced area of sandbox
Advisers should reconsider process