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Federal Court Orders Record A$300 Million in Penalties Against Union Standard, EuropeFX and TradeFred Over CFD Misconduct
Australia's markets regulator has secured the largest penalties in its history. A$300.2 million has been ordered against collapsed CFD issuer Union Standard International Group and its two former authorised representatives — EuropeFX and TradeFred — for systemic unconscionable conduct that deliberately targeted inexperienced and vulnerable clients.