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UK watchdog flags 'serious risk of harm' from spreadbetting

Reuters 

By Noor Zainab Hussain(Reuters) - Britain's financial regulator told spreadbetting firms to properly warn retail investors of the risks involved in contracts for differences (CFDs) or face action, knocking shares in the sector on Wednesday."There is a high risk that firms across the sector are not meeting our rules and expectations when providing and distributing CFDs," the Financial Conduct Authority (FCA) said following a year-long review of the industry.The majority of retail customers who bought CFD products lost money, the FCA said after assessing firms that provide CFDs to ...

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First Published: Wed, January 10 2018. 22:27 IST
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