Multi-billion-dollar online trading and investments industry could be banned if ASIC gets its way

[JamesAndr]

I think they cannot ban the investment industry.

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They cant;
but what he has written about seems to be a common ban...…………………………………………………………………………………………………...

Of course, it is just a matter of time. Maybe they will apply just some restrictions. Who knows what they have in their minds. That is why I always say that if you invest you have to use an investment company that gives you 100% security. I have been using 3 found portfolio investments for 2 years already. It very simple to manage 'cause it's 3 investment vehicles are US Equity Fund, International Equity Fund, and Bond Fund. So I don't want to look like a boring person just read about safety investments there https://www.juststartinvesting.com I'm sure that you will find a lot of useful information.

 

[traderjo]

I think they cannot ban the investment industry.

Who is banning the investment industry? all they are doing is reducing the leveraged product availability, and also due to cross jurisdiction issues they had to take some actions ( for example all IB AUS clients were asked to move accounts to IB AUS from IB USA)