Business
ASIC Officially Adopts Curbs on Selling CFDs to Retail Investors – Finance Magnates
The Australian Securities and Investments Commission has officially announced restrictions on selling contracts for difference to retail clients.
The Australian Securities and Investments Commission (ASIC) has officially announced restrictions on selling contracts for difference (CFDs) to retail clients, saying it was still concerned about investor protection.
The rules also mandate negative account protection, ensuring that customers cannot lose more than their trading stake, avoiding a repeat of the debacle following the 2015 Swiss Franc collapse. Finally, the rules forbid bonuses and other incentives, whether monetary or non-monetary,…
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