Australian Securities & Investments Commission (ASIC) today announced issuing eight interim stop orders against Saxo Capital Markets (Australia) Limited’s Saxo’s CFDs offering to retail investors.
ASIC made the interim orders to protect retail clients from acquiring CFDs from Saxo, where they may not be suitable for their financial objectives, situation or needs. The orders did not prevent Saxo’s existing clients from varying or closing their CFD positions.
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