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ASIC Flags Mitrade Global for DDO Violations, Suspends Operations
The Australian Securities and Investments Commission (ASIC) has hit Mitrade Global Pty Ltd with an interim stop order, preventing the broker from opening trading accounts and dealings in contracts for differences (CFDs) and margin forex to retail investors. However, existing clients will be allowed ‘from varying or closing their CFD positions’.Regulatory Lapses at Mitrade Global Announced on Friday, the decision came as the Aussie regulator found lapses in the brokerage’s target market determina...
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Posted: Jun 2 2023, 06:26
Author Name: financemagnates
Views: 081338