On April 6, the Commodity Futures Trading Commission (CFTC) issued a Customer Advisory, alerting the public to a proliferation of fraudulent schemes aiming to profit from the COVID-19 pandemic.
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retail binary options
FCA Publishes Consultation Paper on Product Intervention Measures for Retail Binary Options
Posted in Financial Markets, UK Developments
On December 7, the UK Financial Conduct Authority (FCA) published a consultation paper on product intervention measures for retail binary options.
The FCA is proposing to prohibit the sale, marketing and distribution of binary options in or from the UK to retail consumers by creating new rules in its Conduct of Business sourcebook (COBS).
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