ASIC makes order preventing FXCM from issuing CFDs to retail clients
ASIC has made an interim stop order preventing Stratos Trading Pty Limited (trading as FXCM) from issuing CFDs to retail clients.
DDO
ASIC secures $8M court order against Firstmac
Firstmac ordered to pay $8 million in penalties for failing to comply with its design and distribution obligations.
ASIC secures judgment against Kraken crypto exchange operator
The Federal Court of Australia today ruled Bit Trade Pty Ltd, the operator of the Kraken crypto exchange in Australia, failed to comply with design and distribution obligations.
ASIC secures Court ruling against Firstmac for breaches of new design and distribution provisions
The Australian Federal Court today found that Firstmac Limited breached the new design and distribution provisions.
ASIC issues orders to protect retail investors from acquiring CFDs or FX from Trademax
ASIC has made two interim stop orders preventing Trademax Australia Limited from dealing in CFDs or margin FX.
ASIC consults on extension of design and distribution obligations instrument
The design and distribution obligations (DDO) require firms to design financial products to meet the needs of consumers.
ASIC issues DDO stop order against Mitrade Global
ASIC has issued an interim stop order preventing Mitrade Global from dealing in CFDs or margin FX to retail investors.
Saxo Capital Markets amends target market determinations of some CFDs due to ASIC concerns
ASIC made eight interim stop orders on 16 May 2023, preventing Saxo Capital Markets (Australia) from issuing some new CFDs to retail clients.
ASIC urges investment product issuers to meet their design and distribution obligations
ASIC prioritised the initial review of investment products because of concerns that investors were being inappropriately exposed to high-risk products.
ASIC issues two interim stop orders against Interactive Brokers Australia Pty Ltd
ASIC has made two interim stop orders preventing Interactive Brokers from issuing Stock Yield Enhancement Program Derivatives to retail investors.
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