ASIC warns sellers of ‘financial heroin’ over their mass marketing

ASIC warns sellers of ‘financial heroin’ over their mass marketing

The corporate watchdog has told sellers of high-risk financial betting products to clean up their act.

  • bySarah Danckert

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The ‘financial heroin’ product that ASIC is trying to bust

The ‘financial heroin’ product that ASIC is trying to bust

Having a win represents a massive high. But if punters lose,withdrawal is financially painful.

  • byElizabeth Knight
ASIC action forces trading house spruiked by Steve Smith to close

ASIC action forces trading house spruiked by Steve Smith to close

Trade360 owner Sirius Financial is accused of enlisting an offshore call centre to flog its high-risk products that led to significant harm,including one customer losing $400,000.

  • bySarah Danckert
From Gosling to GameStop,‘shorting’ is having a moment. But what exactly is it?
Explainer
Investing

From Gosling to GameStop,‘shorting’ is having a moment. But what exactly is it?

Shorting someone of change is pretty clearly a bad thing – but what about “shorting” a company?

  • byMillie Muroi
The toxic cocktail sparking a commodity crisis
Opinion
Oil

The toxic cocktail sparking a commodity crisis

Geopolitical,market and financial volatility can generate unintended and unpredictable consequences. Russia’s invasion of Ukraine and the West’s response are providing a dramatic illustration of how combustible that combination can be.

  • byStephen Bartholomeusz
Will the end of ‘the world’s most important number’ be a Y2K moment?

Will the end of ‘the world’s most important number’ be a Y2K moment?

LIBOR,the world’s key benchmark for trillions of dollars of loans and other financial contracts for half a century,will be largely disappear on January 1.

  • byStephen Bartholomeusz
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‘Finfluencer’ follower wins nearly $500,000 in court over failed investment

‘Finfluencer’ follower wins nearly $500,000 in court over failed investment

The case marks the first time in Australia that a follower of a cryptocurrency influencer has successfully sued the celebrity trader for losses incurred on an investment.

  • bySarah Danckert
Greed is not good:Hedge fund’s implosion hurts some of the world’s biggest banks

Greed is not good:Hedge fund’s implosion hurts some of the world’s biggest banks

There’s no mystery about why a collection of the world’s larger and important banks lined up to provide so much funding and leverage to a character with Bill Hwang’s history.

  • byStephen Bartholomeusz
CommSec among brokers slow to pass on ASX fee refunds
Exclusive
Shares

CommSec among brokers slow to pass on ASX fee refunds

The ASX decided to refund fees to derivatives traders impacted by a outage of the key service for options trading. But almost two weeks after money started flowing,some brokers have been slow to pass on the rebates.

  • byCharlotte Grieve
The financial world’s ‘most important number’ refuses to die

The financial world’s ‘most important number’ refuses to die

The benchmark interest rate used for trillions of dollars of financial transactions,is being phased out. It’s not going quietly.

  • byStephen Bartholomeusz
Berndale exposed:fast money,fast cars and the Carlton Crew
Investigation
Online trading

Berndale exposed:fast money,fast cars and the Carlton Crew

Stavro D’Amore was selling financial products on the outer edge of respectability - and the company he kept also liked to live on the edge.

  • bySarah Danckert