CySEC Warns Brokers About Providing Investment Advice, High-Pressure Sales
Posted: Mon Jun 27, 2016 1:02 pm
One of the main regulators for the European retail forex and CFDs trading industry, the Cyprus Securities and Exchange Commission (CySEC) has issued a major announcement which will affect some forex and binary options brokerages. The proposed circular which was issued this morning by the main overseer of the financial industry in Cyprus is outlining that major changes are needed when it comes to the practices of some companies.
The business model of a number of firms has been relying in aggressive sales tactics, an issue which CySEC has taken into account when issuing a proposed circular which will affect some ... (read more)