Australian financial regulator sues eToro over ‘volatile’ trading products By Cointelegraph
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Australia’s financial regulator has sued eToro over its contract for difference (CFD) product, alleging the trading platform used insufficient screening tests when offering the leveraged derivative contracts to retail investors.
The Australian Securities and Investments Commission (ASIC) said on Aug. 3 that it hadcommenced Federal Court proceedings over eToro’s CFD product for targeting too wide a market and breaching design and distribution rules.
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Australia’s financial regulator has sued eToro over its contract for difference (CFD) product, alleging the trading platform used insufficient screening tests when offering the leveraged derivative contracts to retail investors.
The Australian Securities and Investments Commission (ASIC) said on Aug. 3 that it hadcommenced Federal Court proceedings over eToro’s CFD product for targeting too wide a market and breaching design and distribution rules.
Continue Reading on Coin Telegraph
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