February 02, 2016 BY Maria Nikolova

FCA issues 'Dear Broker CEO' letter outlining problems with onboarding CFD trading clients

The UK Financial Conduct Authority (FCA) has issued a 'Dear Broker CEO' letter specifying problematic areas regarding onboarding of clients by UK CFD brokers. The letter, signed by Megan Butler, Executive Director of Supervision Investment, Wholesale & Specialists Division, is published after an FCA review of the procedures for taking on new clients in a…

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