The Victorian government has not decided how it will respond to a constitutional challenge brought in the High Court against the state’s COVID-19 lockdown measures, and has been given just four more days to make its move.
Judge backs ASIC plan to ban OTC binary options as issuers hit with $75M penalty
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”.