Why ASIC issued a Stop Order on Saxobank CFDs?
By Dale Gillham
General Advice Disclaimer
General Advice Disclaimer
This article is for general educational purposes only and does not take into account your personal financial circumstances, objectives or needs. Before making any investment decisions, consider your individual circumstances and seek independent financial advice if necessary.
In this week’s Talking Wealth Podcast, Dale looks at ASIC’s stop order on Saxobank, as ASIC temporarily stopped retail clients from opening CFD accounts. According to ASIC, Saxobank had deficiencies in their Target Market Determination (TMD). Saxobank complied with the order, which was lifted, but it raises the question whether the changes will really mean anything for retail clients.
