Australia
Hong Kong millionaires rush to get Australian investor visa
Following ongoing political unrest in the special administrative region
Aussie regulator eyes restriction on CFDs sale to retail clients
And is looking to ban binary options for the same group of investors
Industry misconduct cost Australians A$201bn
Over half of the population has been negatively affected by poor advice
Aussie watchdog wealth management investigations up by 216%
The Australian watchdog issued five infringement notices and A$307,800 in penalties in H1 2019
Australia’s big banks pay out A$120m for bad advice
NAB splashed the most cash at A32.4m for cases which involved a record number of 81 financial advisers