https://www.fca.org.uk/news/press-releases/fca-proposes-stricter-rules-contract-difference-products The Financial Conduct Authority (FCA) is today proposing stricter rules for firms selling ‘contract for difference’ (CFD) products to retail customers to improve standards across the sector and ensure consumers are appropriately protected. https://uk.finance.yahoo.com/quotes/igg.l,cmcx.l,plus.l,ptec.l
Looks like the market this the PTEC acquisition of PLUS could be in doubt with PLUS down 32% but PTEC down by 'only' 6%.
https://uk.finance.yahoo.com/quotes/igg.l,cmcx.l,plus.l,ptec.l IGG, CMCX, PLUS and PTEC are the four main stocks affected by this. PPB (which owns Betfair) is in a related field, but is down by only 0.48%. .
Some more threads on the same topic: https://www.elitetrader.com/et/threads/uk-spreadbet-firms-to-be-investigated-by-the-fca.304934/ https://www.elitetrader.com/et/thre...ds-proposes-1-25-leverage-for-newbies.304971/ .