ESMA supports Dutch AFM move to restrict Turbos for retail traders
ESMA also encouraged other national EU regulators to monitor Turbos in their respective markets to assess similar risks for retail investors.
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.