Shares in the UK's leading spread betting and contract-for-difference (CFD) providers fell in London Wednesday following a review of the sector by the Financial Conduct Authority (FCA) which uncovered "areas of serious concern" across the market.

The review looked at where firms offer the high-risk instruments to retail customers and assessed both the conduct of firms which provide the CFD service and the organisations that distribute the product and deal with the end consumer.

Focussed on the processes, policies, controls and oversight arrangements at same companies, the review assessed 19 providers of CFDs to intermediaries which then distribute CFDs to retail consumers, and also evaluated 15 firms that distribute CFDs to retail investors.

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