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Zenger
Zenger
Business
Murtuza Merchant

Australia’s ASIC Takes Legal Action Against Etoro Over Breach Of Obligations

eToro ASIC Australia
Australia's market regulator, the Securities and Investments Commission (ASIC), has initiated legal proceedings against Etoro, the online investment platform. IDREES ABBAS/GETTY IMAGES 

Australia’s market regulator, the Securities and Investments Commission (ASIC), has initiated legal proceedings against Etoro, the online investment platform.

EToro’s contract for difference (CFD) product, ASIC alleges, has breached design and distribution obligations and violated eToro’s license obligations to operate efficiently, honestly, and fairly.

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