Australian monetary regulator sues eToro over ‘hazardous’ procuring and selling merchandise

Australian financial regulator sues eToro over ‘volatile’ buying and selling merchandise

Australia’s financial regulator has sued eToro over its contract for difference (CFD) product, alleging the trading platform used insufficient screening tests when offering the leveraged derivative contracts to retail investors. The Australian Securities and Investments Commission (ASIC) said on Aug. 3 that it hadcommenced Federal Court proceedings over eToro’s CFD product for targeting too wide