The UK Financial Conduct Authority (FCA) today said it acted to stop Cyprus-based Finteractive Limited, trading as FXVC, from offering high risk CFDs to UK investors. According to the UK watchdog, FXVC used a variety of inappropriate techniques, including misleading financial promotions which appeared to offer consumers the opportunity to purchase shares in a well-known company and failed to mention that they were actually promoting CFDs. Many of the FXVC’s customers were unclear about the nature of the investments that they were being persuaded to make and the risks involved in trading in CFDs. The firm used ... (full story)