Leverage Ratio Breaches by CFD Providers – ASIC Oversees Compensations to Retail Clients in the Derivatives Market

ASIC has overseen more than $17.4 million in combined compensation payments made to over 1,500 retail clients Seven issuers of contracts for difference ("CFDs") were found to be issuing CFDs with leverage ratios to retail clients that violated the Product Intervention Order ("PIO"). The affected clients incurred losses on over 150,000 CFD trades in...

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Alicia Pevely

An integral member of the Sophie Grace team since 2012, Alicia has extensive experience in relation to financial services law, consumer credit law, regulatory matters and ASIC investigations. Working closely with her clients, Alicia has maintained a significant emphasis on AFS and credit licensing and liaising with ASIC. As General Manager, Alicia has oversight of all licence applications and provides advice and support in relation to more complex applications.

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