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eToro sued for breaching obligations with high-risk CFD products

a neon sign of the eToro logo
Photo: Aaron Davidson/Getty Images

About 77% of the customers said to have lost money in CFD trades.

The online investment platform eToro Aus Capital Limited (eToro) has been sued by ASIC in the regulator’s first design and distribution action to protect consumers from high-risk contract for difference (CFD) products.

Allegedly, eToro breached design and distribution obligations, including not acting efficiently, honestly and fairly in line with the

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