FCA Receives More Feedback Over CFDs Industry Review, CMC Markets Reacts
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FCA Receives More Feedback Over CFDs Industry Review, CMC Markets Reacts
London-based spread betting and financial trading provider CMC Markets (LSE: CMCX) has responded to the UK watchdog’s review of the contract for difference (CFD) industry, which knocked 4 percent off its share price on Wednesday’s session.
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The Financial Conduct Authority (FCA) said in a letter issued today that a review of 19 CFD firms found shortcomings in several aspects, including new customers’ onboarding through IBs and similar distributors.
The FCA called on CFDs providers in the City to review their businesses after finding that many ... (read more)
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