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Showing 11 - 20 of 113 results for %22CFD%22

eToro sued by ASIC

ANDREW MCKEAN  |  THURSDAY, 3 AUG 2023
... proceedings against eToro, alleging breaches of design and distribution obligations regarding its contract for difference (CFD) product. The case focuses on the appropriateness of eToro's target market, and the screening test used by the online investment ...

Large AFSLs lead advice complaints: AFCA

KARREN VERGARA  |  THURSDAY, 22 JUN 2023
Financial advisers from large aligned AFSL groups bear the brunt of complaints, according to the Australian Financial Complaints Authority's data, with several AMP and Insignia Financial practices leading the pack. Modelling of the AFCA data shows ...

ASIC issues first-of-its-kind stop order

CASSANDRA BALDINI  |  MONDAY, 5 JUN 2023
... (DDO) failure to take reasonable steps provision, with the order relating to its 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 ...

AFCA outlines systemic issues in wealth management

ANDREW MCKEAN  |  TUESDAY, 23 MAY 2023
The Australian Financial Complaints Authority (AFCA) has shed light on what it considers systemic shortcomings in the superannuation, investment, and financial advice industries. The AFCA Systemic Issues Insights report identified multiple instances ...

ASIC issues stop orders to Saxo

CASSANDRA BALDINI  |  FRIDAY, 19 MAY 2023
... overnight financing fees charged for such periods may be significant in aggregate and affect the potential to profit from a CFD position, among other risks," it said. ASIC further highlighted issues for single stock CFDs, ETF CFDs and index CFDs retail ...

Class action commenced against IG Markets

JAMIE WILLIAMSON  |  THURSDAY, 11 MAY 2023
... conditions on them to stem significant losses seen in 2020. According to Investment Trends, 117,000 people placed at least one CFD or FX trade in 2020; between March and April 2020, more than $774 million was lost trading CFDs, ASIC found. The regulator ...

ASIC bans Gold Coast businessman

CASSANDRA BALDINI  |  TUESDAY, 31 JAN 2023
... Bradford AI leased "Robot 1" to trade on the FX market, using an Australia-based over-the-counter contracts for difference (CFD) broker. Further, the regulator said Finerty carried on a financial services business without an Australian financial services ...

Proposed CFD class action targets IG Markets

JAMIE WILLIAMSON  |  TUESDAY, 11 OCT 2022
... conditions on them to stem significant losses seen in 2020. According to Investment Trends, 117,000 people placed at least one CFD or FX trade in 2020; between March and April 2020, more than $774 million was lost trading CFDs, ASIC found. The regulator ...

eToro launches local stocks portfolio

CHLOE WALKER  |  FRIDAY, 2 SEP 2022
From today, investors can access the AussieEconomy portfolio, an investment basket offering long-term exposure to high performing ASX-listed companies. The 35 stocks that make up the portfolio are from a variety of industries including commodities ...

OTC derivatives provider loses licence, executives banned

CASSANDRA BALDINI  |  THURSDAY, 14 JUL 2022
Over-the-counter derivatives provider Sirius Financial Markets Pty Ltd has surrendered its AFSL and its former executives Jonathan Schneider and Oskar Pecyna have both been banned for eight years. ASIC reported that Sirius Financial, trading as Trade360 ...