Twenty-four CFD firms closing in crackdown on misuse of UK authorisation
By FCA
AI summary of the source article
Twenty-one CFD firms have closed and three more are cancelling their permissions following a crackdown by the UK Financial Conduct Authority (FCA). The regulator intervened after finding firms were misusing their UK authorisation to falsely legitimize linked overseas entities lacking UK consumer protections. Enforcement actions have included trading restrictions, independent business reviews, and two formal investigations.