Shares in some of the UK’s leading spread betting and contracts for difference (CFD) providers slumped on Monday after the European Securities and Markets Authority (ESMA) announced plans to improve investor protection for retail clients.
The independent EU authority said that it has been concerned about the provision of these speculative products for a “considerable period of time” and has conducted ongoing monitoring and supervisory convergence work in this area.
“Some competent authorities have also adopted national measures [...]
