Exclusive: Muinmos Executive – It’s Comply or Die for Small Brokers

[kreslik.news]

With the European Securities and Market Authorities’ (ESMA) newest regulatory edicts just days away from implementation, firms are scrambling to ensure they don’t fall afoul of the new rules.

For those of you who have spent the last few months in a coma, under a rock or frozen in carbonite, these rules place heavy restrictions on the leverage brokers can offer on contracts-for-differences (CFDs). They also ban certain marketing practices and prohibit the sale of binary options.

One way around the regulations, reported on by yours truly in a mind blowing piece last week, is for clients to ... (read more)