The Dutch Authority for the Financial Markets (AFM) imposed an administrative fine of €530,000 on BinckBank N.V.
The Netherlands Authority for the Financial Markets (AFM) imposed administrative fines on Rodeler, also trading as 24Option.com.
A study by the Dutch AFM shows that for 66% of beginning investors, non-advised investing is the most preferred investment method.
Clients of online trading company Grinta Invest have been unable to access their accounts and funds for nearly a month.
Italy’s Consob says there are no conditions for adopting on a national basis intervention measures similar to those undertaken by the AFM.
Restrictions will be introduced on the offering of turbos to Dutch retail investors, effective October 1, 2021.
ESMA also encouraged other national EU regulators to monitor Turbos in their respective markets to assess similar risks for retail investors.
Dutch financial regulator AFM received and assessed 2,732 signals about possible wrongdoing in H2 2020.
AFM finds that trading restrictions imposed during the “GameStop frenzy” period early this year are not illegal.
The AFM considers that retail investors are currently not adequately protected against the risks of turbos.