The report states that neo-brokers need clear global standards to address risks in fee transparency, revenue conflicts and system reliability.
The International Organisation of Securities Commissions (Iosco) has published a final report with a new framework for regulators to address the risks posed by neo-brokers. Iosco has outlined five key recommendations to address risks posed by neo-brokers and digital-first platforms This framework is intended to help foster a more transparent and accountable environment for these digital-first platforms. Neo-brokers, online platforms offering low-cost trading and minimal human interact