AMF President: Plus500 “Specializes in Toxic Products”

[kreslik.news]

The President of the Autorité des marchés financiers (AMF), Robert Ophèle, gave a speech this Thursday, presenting the regulator’s annual report, in which he laid into forex brokers and cryptocurrencies.

In a talk largely concerned with regulatory developments, such as the impact of MiFID II, Ophèle closed his remarks by going after fraudsters. He praised Sapin II, a piece of legislation that was implemented in June of last year that purports to tackle corruption in the financial services industry.

Ophèle commended the law, noting that it had meantadvertising for binary options and highly-leveraged contracts-for-difference (CFDs) had been banned. He added that the ... (read more)