AFM: banning turbos not first option but industry needs to start taking responsibility

Sixty-eight percent of retail investors who traded in turbos between 1 June 2017 and 1 July 2018 suffered losses of on average €2,680, according to a recent study from the Dutch Authority for the Financial Markets. The AFM looked into the results of 3.9 million orders and also found that, among others, a higher leverage leads to higher losses; the percentage of investors losing money increases with the number of transactions; turbos are held for a relatively short period. In an interview