ESMA Slaps Ban On Binary Options, Restrictions On CFDs

By Najiyya Budaly (June 1, 2018, 1:52 PM BST) -- Europe's top securities regulator announced Friday that it has pushed through rules aimed at protecting consumers in the European Union by temporarily banning the sale of binary options to retail customers and restricting sales of contract for difference products.

The European Securities and Markets Authority said its measures on the risky products are a "significant step toward greater investor protection." (AP) The European Securities and Markets Authority said it has formally adopted temporary intervention measures that prevent financial services firms from marketing or selling binary options to retail customers. The rules on contracts for differences, or CFDs, will ensure that investors cannot...

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