Judge backs ASIC plan to ban OTC binary options as issuers hit with $75M penalty
Angus Christophersen 2020-10-16 4:52 pm By Christine Caulfield | Melbourne
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Over-the-counter derivative issuers AGM Markets, OT Markets and Oxifin Tech have been ordered to pay a total of $75 million in penalties after a ruling that they engaged in unconscionable conduct causing losses of over $30 million to unsophisticated investors seeking what a judge called “financial heroin hits”.

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