AFM prepares advertising ban for turbos

The Netherlands Authority for the Financial Markets (AFM) is preparing a ban on the advertising of harmful financial products, including binary options, warrants, contracts for difference (CfDs) and turbos with a leverage of 10. The supervisor has started a consultation procedure for the market which will run until April 3, 2017. The measure is based on the fact that consumers using these products can lose their investment very quickly, while over the long term there is little prospect of makin