IG Group Boss Attacks FCA Crackdown, Urges Customers to Join the Battle

[kreslik.news]

Heads of UK spread betting providers have hit out at the nation’s regulator, the Financial Conduct Authority (FCA), for mishandling its latest clampdown on the CFDs brokers, claiming that sweeping measures to overhaul the industry could mean shifting headquarters as well as its London-based operations to other countries.

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Britain’s watchdog shocked the sector earlier this month by unveiling a raft of measures to reform the activities of firms selling CFDs to retail customers.

The FCA’s overhaul hit the shares of ... (read more)