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Showing 21 - 30 of 102 results for "CFDs"

Saxo APAC asset management lead exits

KARREN VERGARA  |  MONDAY, 4 SEP 2023
... as it was concerned its target market determinations were deficient, preventing from issuing new contracts for difference (CFDs) to retail clients.

Veteran adviser cops permanent ban

KARREN VERGARA  |  TUESDAY, 15 AUG 2023
... also made false and misleading representations regarding the level of risk involved in trading contracts for difference (CFDs) and promoted trading courses for CFDs when he was unlicensed in dealing in derivatives. ASIC determined that Cuthbertson "failed ...

ASIC looking to send message with eToro action

CASSANDRA BALDINI  |  WEDNESDAY, 9 AUG 2023
... DDO. "That, of course, will protect other investors from exposure to these high-risk derivatives," Court said. She labelled CFDs as "high-risk, complex and volatile investment products." "ASIC has long had concerns about these products, which were infamously ...

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 ...