ESMA warns firms amid 'surge in trading by retail clients'

Mike Sheen
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The European regulator reported a 'significant' increase in the number of investment account openings
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The European regulator reported a 'significant' increase in the number of investment account openings

Pan-European regulator ESMA has warned investment firms they face "even greater duties" as waves of retail investors have flooded into the market since the start of the year at a time of heightened uncertainty.  ESMA wrote in a letter to regulated investment firms published on Wednesday (6 May) that "several" country-level European regulators had reported a "significant increase in the number of investment accounts opened by retail clients and a surge in trading by retail clients", who now...

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