ASIC’s review examined the DDO practices of a sample of issuers and found that most retail clients lose money trading CFDs.
Australia Forex regulation
The Australian Government proposes an exemption from the requirement to hold an AFS license for foreign companies.
ASIC observed significant improvements in key metrics and indicators of retail client detriment from CFD trading under the new rules.
New ASIC rules for the issue and distribution of CFDs to retail clients takes effect from today.
A total of 842 financial firms that have failed to pay their AFCA membership levy and/or other fees.