Spain is Fed up with Cypriot Brokers` Practices, the CySEC Warns
(WorldNews Spain)

In a circular to its regulated investment firms (CIFs), the CySEC drew the attention of firms that provide investment services in Spain towards a recent statement released by its financial regulator. Last year, the CNMV issued a circular that adopted an aggressive tone and threatened some European brokers that they could end up closing their activity in Spain, as the watchdog was fed up with their unfair practices. In essence, the guidance concerns companies that offer forex, contracts for difference (CFDs) and other speculative products among retail investors in Spain. At the time, the Spanish regulatory body said it...