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The coming quarters could make business for retail brokerages in France much tougher in light of the latest report by the French regulator to the country’s Parliament and President Francois Hollande. The national regulator, the Autorité des Marchés Financiers, intends to introduce a ban on online advertising for forex and binary options brokerages.
According to the 140 pages long report, fraudulent forex and binary options brokerages have solicited close to €4 billion from French residents throughout the past 6 years. The joint efforts by a number of French regulatory agencies has failed to produce adequate results and the number of ... (read more)