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 face heightened risk "under these highly uncertain and unprecedented market circumstances." The ...
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