The UK-based trading platform sold unregulated products to retail investors.
Highlights:
- Trading 212 sold crypto ETNs to UK retail investors.
- The sale occurred without FCA authorization.
- Regulatory concerns are rising over investor protection.
Trading 212 has been criticized for selling cryptocurrency exchange-traded notes (ETNs) to UK retail investors without the necessary FCA authorization.
This action raises important regulatory concerns around investor protection and compliance with UK financial regulations.
The Financial Conduct Authority (FCA) had previously warned firms about the risks of offering cryptocurrency products without proper oversight.
As scrutiny increases, Trading 212 may face consequences that could affect its operations in the UK financial market.
