The Australian regulator points to widespread breaches of the product intervention order and shortcomings in distribution practices across 52 issuers.
The Australian Securities and Investments Commission ( A sic ) reported that its whole-of-industry review of the contracts for difference (CFD) sector has returned nearly A $40m (US$ 26.5m) to more than 38,000 retail investors and delivered broad compliance improvements across distribution and reporting. Each year, thousands of Australians lose money trading CFDs - Simone Constant, Asic The review covered 52 licensed issuers between October 20