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Submission to ASIC on the extension of the binary options product intervention order

June 2022

binary_options_intervention
CHOICE staff
CHOICE staff

CHOICE has made a submission to the Australian Securities and Investment Commission's (ASIC) consultation on the extension of the binary options product intervention order.

Binary options share many characteristics with high-risk gambling products that regularly result in large losses to consumers. CHOICE supports ASIC's proposal to extend the ban on the sale and distribution of binary options to retail clients until 1 October 2031. 

Download submission (PDF)

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