EU to combat "biased and unfair" investment counseling

In a long-awaited proposal, the European Commission ramps up demands for the financial sector related to private investments. Interest group fears ”huge, unintended consequences.”
"The purpose of this law package is to improve results for retail investors," Executive Vice-President of the European Commission, Valdis Dombrovskis says. | Photo: Tt News Agency/Reuters/Ritzau Scanpix
"The purpose of this law package is to improve results for retail investors," Executive Vice-President of the European Commission, Valdis Dombrovskis says. | Photo: Tt News Agency/Reuters/Ritzau Scanpix
by WatchMedia’s EU correspondent peter thomsen, translated by christian radich hoffman, daniel pedersen & kristoffer grønbæk

There ought to be greater transparency, availability, and ultimately less options for collecting commissions and hidden fees on private customers’ investments. 

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