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2 Aug 2017 (AFR) – Apple, Google take down binary options apps at ASIC’s request

[COMMENT: Now this is an interesting article for retail investors who might want to trade in such financial instruments.

(2 August 2017, AFR, p17, by James Eyers)

‘Australia’s corporate regulator says it has convinced two of the world’s largest technology companies, Apple and Google, to remove applications that offer unlicensed financial products to customers from their respective app stores.  The Australian Securities and Investment Commission, like other global regulators, has been targeting unlicensed “binary options” providers, which allow users to bet on whether the price of a financial product or index will be above or below a certain level in a short period. A review by ASIC in March found that over 330 smartphone applications were being offered to…’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of weapons to tackle the market.

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