Regulator hits City Index

One of the nation's biggest contract for difference brokers City Index has been forced to appoint an independent expert after the corporate regulator identified several compliance flaws, including weaknesses in client money handling practices. It comes after Australian Securities and Investments Commission was concerned about breaches of basic client money handling provisions in contract for difference and foreign exchange markets.

One of the nation's biggest contract for difference brokers City Index has been forced to appoint an independent expert after the corporate regulator identified several compliance flaws, including weaknesses in client money handling practices. It comes after Australian Securities and Investments Commission was concerned about breaches of basic client money handling provisions in contract for difference and foreign exchange markets.

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