Tag: Australian regulator

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Australian financial regulator sues eToro over ‘volatile’ trading products

August 3, 2023

The Australian Securities and Investments Commission alleged eToro users with no understanding of CFD product risks could still buy them on the platform. Australia’s financial regulator has sued trading platform eToro over one of the leveraged trading products it offered to retail investors, alleging inappropriate screening tests caused thousands of users to lose money. The…
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Facebook Owner Meta Sued for Publishing Scam Crypto Ads by Australian Regulator

March 20, 2022

The Australian Competition and Consumer Commission has filed a lawsuit against Meta, formerly Facebook, for “publishing scam advertisements featuring prominent Australian public figures.” The regulator said, “The essence of our case is that Meta is responsible for these ads that it publishes on its platform.” Meta Sued for Publishing Cryptocurrency Scam Ads The…
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