Potential Class Action Against Online Trading Platform Providers
Mayweathers are currently investigating a potential class action or group complaint against online trading platform providers for failing to exercise its duty of care to clients, failing to act in the best interests of clients and failing to adhere to the first disclosure benchmark in RG 227, “client qualification”, which sets out the obligations on issuers to ensure that prospective traders are competent to open an account and undertake this type of trading, amongst other things.
Are you a victim of this? If so, please anonymously register your details below if you have:
- made trades in CFD’s, Forex or other like products with an online trading platform provider which holds an Australian Financial Services Licence; and
- made losses on the above trades in CFD’s, Forex or other like products with an online trading platform provider which holds an Australian Financial Services Licence in the last 5 and half years; and
- were inexperienced in trading in CFD’s, Forex or other like products prior to making the above trades with an online trading platform provider. Please register your interest now, and we’ll make contact with you: