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,…
-
Noosa News20 hours agoNRL grand final quick hits: Reece Walsh creates magic after avoiding sin bin as Broncos survive Hunt, Reynolds injuries to win premiership
-
General20 hours agoHow the internet reacted to Brisbane Broncos winning the NRL grand final
-
Noosa News12 hours agoNew playground equipment encourages children to learn through ‘risky play’
-
General9 hours agoThree youths in police custody after fire at Ashley Youth Detention Centre in northern Tasmania