Australian Financial Takes Legal Action Against eToro Over H

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Australian Financial Takes Legal Action Against eToro Over High-Risk CFD Product The Australian financial regulator, ASIC (Australian Securities and Investments Commission), has taken legal action against the popular crypto investment platform, eToro. The lawsuit revolves around eToro’s contract for difference (CFD) product, a leveraged derivative that enables buyers to speculate on the price movements of various underlying assets, including cryptocurrencies, commodities, stock market indices, and FX rates. According to ASIC, this particular CFD product poses significant risks to retail clients, leading to financial harm.

Australian Financial Takes Legal Action Against eToro Over High-Risk CFD Product
The Australian financial regulator, ASIC (Australian Securities and Investments Commission), has taken legal action against the popular crypto investment platform, eToro. The lawsuit revolves around eToro’s contract for difference (CFD) product, a leveraged derivative that enables buyers to speculate on the price movements of various underlying assets, including cryptocurrencies, commodities, stock market indices, and FX rates. According to ASIC, this particular CFD product poses significant risks to retail clients, leading to financial harm.

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