ASIC to Ban CFDs

#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?

Watch on YouTube
Listen to Podcast

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

Facebook Comments