Why ASIC issued a Stop Order on Saxobank CFDs?
Talking Wealth Podcast: Stock Market Trading and Investing Education | Wealth Creation | Expert Share Market Analysis · Dale Gillham
June 5, 202336m 43s
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Show Notes
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.