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ASIC flags $40 million in refunds after review of risky financial products

(Version anglaise seulement)

par Adrian Lee, Associate Professor in Property and Real Estate, Deakin University

Australia’s corporate regulator has secured refunds of A$40 million to more than 38,000 investors in risky financial products, following a review of the industry.

The Australian Securities and Investments Commission (ASIC) raised concerns that marketing of high-risk products known as “contracts for difference” or CFDs, failed to clearly explain the risks involved.

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