Chile Gets Closer to Regulating the CFDs Wild West

[kreslik.news]

Alleged Ponzi schemes may have cost the Chilean people millions of dollars, and a ‎congressional commission investigating the matter fears it may have only ‎scratched the surface. The president of the commission told Bloomberg today that it ‎will propose giving powers to banking and stock market regulators to oversee the ‎forex and CFDs providers in a bid to avoid more collapses.‎

Compared to the strict markets such as in the US or Europe, where such instruments are off-limits to ‎retail investors or highly regulated, in Chile, where the contracts are perfectly legal ‎and trading in them has exploded, virtually anyone can ... (read more)