The corporate watchdog has told sellers of high-risk financial betting products to clean up their act.
Having a win represents a massive high. But if punters lose,withdrawal is financially painful.
Trade360 owner Sirius Financial is accused of enlisting an offshore call centre to flog its high-risk products that led to significant harm,including one customer losing $400,000.
Shorting someone of change is pretty clearly a bad thing – but what about “shorting” a company?
Geopolitical,market and financial volatility can generate unintended and unpredictable consequences. Russia’s invasion of Ukraine and the West’s response are providing a dramatic illustration of how combustible that combination can be.
LIBOR,the world’s key benchmark for trillions of dollars of loans and other financial contracts for half a century,will be largely disappear on January 1.
The case marks the first time in Australia that a follower of a cryptocurrency influencer has successfully sued the celebrity trader for losses incurred on an investment.
There’s no mystery about why a collection of the world’s larger and important banks lined up to provide so much funding and leverage to a character with Bill Hwang’s history.
The ASX decided to refund fees to derivatives traders impacted by a outage of the key service for options trading. But almost two weeks after money started flowing,some brokers have been slow to pass on the rebates.
The benchmark interest rate used for trillions of dollars of financial transactions,is being phased out. It’s not going quietly.
Stavro D’Amore was selling financial products on the outer edge of respectability - and the company he kept also liked to live on the edge.