#Investing #ASCI #CFD
The Australian Security and Investment Commission is looking at potentially banning OTC and CFD financial products to protect clients. An appropriate move to protect consumers or another restriction on our freedoms?
Reference
Asic to ban or restrict investment products which lose customers $2bn a year
https://www.theguardian.com/australia-news/2019/aug/22/asic-to-ban-or-restrict-investment-products-which-lose-customers-2bn-a-year
Product intervention: OTC binary options and CFDs
https://download.asic.gov.au/media/5241542/cp322-published-22-august-2019.pdf
Consumer harm from OTC binary options and CFDs
https://download.asic.gov.au/media/5241548/rep626-published-22-august-2019.pdf