Germany’s BaFin to restrict trading in Turbos as retail losses top €3.4 billion
BaFin will accept comments on its planned product intervention measure on Turbos until July 3, 2025.
BaFin will accept comments on its planned product intervention measure on Turbos until July 3, 2025.
iBroker extends its offering to include securitised derivatives, with Spain and Italy retail clients able to trade these via Spectrum.
Due to the underlying leverage of turbo certificates, retail investors can invest just a fraction of the stock price to get exposure.
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.
The AFM considers that retail investors are currently not adequately protected against the risks of turbos.