Require FCA regulation of proprietary trading firms operating in the UK
National
·23 contributorsProprietary trading firms offering funded accounts operate widely in the UK without FCA regulation. Many charge high upfront fees, impose restrictive conditions, deny payouts, and ban customers after taking thousands of pounds, using vague terms that allow payouts to be refused for almost any reason
Peter Kyle
Business Secretary
Vague terms enable fee losses
Protect UK consumers from harm
Unregulated retail trading firms
Similar motions
Require FCA regulation of proprietary trading firms operating in the UK
National
Proprietary trading firms offering funded accounts operate widely in the UK without FCA regulation. Many charge high upfront fees, impose restrictive conditions, deny payouts, and ban customers after taking thousands of pounds, using vague terms that allow payouts to be refused for almost any reason
Vague terms enable fee losses
Protect UK consumers from harm
Unregulated retail trading firms