On October 1, 2019 the Australian CFD & Margin FX Association provided a response to the ASIC Consultation Paper 322 Product Intervention: OTC binary options and CFDs. You can read the the Association's response by clicking here....
The Australian CFD and FX Association has pushed back against ASIC’s proposals to crack down on the retail derivatives sector. Link to full article, may require a subscription: The Australian newspaper By CLIONA O’DOWD The Australian - October 7, 2019 ...
More than 1000 local jobs are at risk if ASIC massively reduces leverage on derivative products used by investors, according to product providers. Link to full article, may require a subscription: https://www.afr.com/companies/financial-services/cfd-crackdown-will-cost-400m-tax-revenue-20190913-p52qw9 By Duncan Hughes Australian Financial Review - Sep 16, 2019 — 2.52pm...
Regulators are fearful of unsophisticated investors facing big losses on high leveraged currency, share or commodity stakes. Link to full article, may require a subscription: https://www.afr.com/companies/financial-services/olivia-changes-her-order-from-coffee-to-currency-derivatives-20190823-p52k2y By Duncan Hughes Australian Financial Review - Aug 23, 2019 — 4.50pm...
Entrepreneur, psychologist and securities trader Mario Pirotta claims to have trebled his money using contracts for difference during the past 12 months and opposed the regulator's crackdown on a popular investment strategy. Link to full article, may require a subscription: https://www.afr.com/markets/currencies/crackdown-will-drive-cfd-investors-offshore-20190822-p52ju3 By Duncan Hughes Australian Financial Review - Aug 23, 2019 — 12.00am...