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Showing 11 - 20 of 89 results for "CFDs"

eToro sued by ASIC

ANDREW MCKEAN  |  THURSDAY, 3 AUG 2023
... period 5 October 2021 to 29 July 2023. eToro AUS is now operating with a revised target market determination in place for CFDs." ASIC considers that eToro's conduct is likely to have resulted in a significant number of retail clients being exposed ...

Large AFSLs lead advice complaints: AFCA

KARREN VERGARA  |  THURSDAY, 22 JUN 2023
... complaints for the period. A little-known firm called Best Leader Markets which operates derivatives, forex margin trading and CFDs, received 614 complaints between July and December 2022. Separately, ASIC has recently called upon the expertise of the ...

ASIC issues first-of-its-kind stop order

CASSANDRA BALDINI  |  MONDAY, 5 JUN 2023
... distribution of contracts for difference (CFD). The stop order prevents the broker from opening trading accounts or dealing in CFDs or margin foreign exchange contracts (margin FX) to retail investors. ASIC said the action is its first in response to ...

AFCA outlines systemic issues in wealth management

ANDREW MCKEAN  |  TUESDAY, 23 MAY 2023
... responsibility to evaluate a client's aptitude for trading in high-risk investment products like contracts for difference (CFDs). The firm lacked appropriate processes to ensure that only proficient clients, who understood the complexities of CFDs ...

ASIC issues stop orders to Saxo

CASSANDRA BALDINI  |  FRIDAY, 19 MAY 2023
... raised concerns. ASIC said the stop orders, handed down on Tuesday, prevented Saxo from issuing new contracts for difference (CFDs) to retail clients because of deficiencies in its TMDs. The orders were revoked yesterday after Saxo amended the TMDs to ...

Class action commenced against IG Markets

JAMIE WILLIAMSON  |  THURSDAY, 11 MAY 2023
... class action against IG Markets, representing investors that lost hundreds of millions trading contracts for difference (CFDs). In October 2022, the two firms said they were planning an action against the trading platform on behalf of up to 20,000 Australians ...

ASIC bans Gold Coast businessman

CASSANDRA BALDINI  |  TUESDAY, 31 JAN 2023
... products without a licence by arranging for his clients to acquire and dispose of financial products, being foreign currency CFDs. It also found Finerty misled clients about the performance of Robot 1 and directed or assisted clients to mislead the CFD ...

Proposed CFD class action targets IG Markets

JAMIE WILLIAMSON  |  TUESDAY, 11 OCT 2022
... Markets on behalf of investors who collectively lost an estimated $800 million or more trading contracts for difference (CFDs). The proposed action involves up to 20,000 "everyday Australian investors" who apparently lost the money trading CFDs which ...

eToro launches local stocks portfolio

CHLOE WALKER  |  FRIDAY, 2 SEP 2022
... diversification for investors wanting to look outside of the tech heavy US indices." For now, ASX stocks on eToro are available as CFDs only.

OTC derivatives provider loses licence, executives banned

CASSANDRA BALDINI  |  THURSDAY, 14 JUL 2022
... engaged in an off-shore call centre, Toyga Media Ltd (Toyga), to source clients to trade in high-risk contracts-for-difference (CFDs) and margin foreign exchange contracts products issued by Sirius Financial. The regulator found call centre representatives ...