Chile Gets Closer to Regulating the CFDs Wild West
Posted: Tue Jun 21, 2016 8:31 pm
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)