ASIC will ban the sale of "binary" options to retail customers and also restrict the sale of other high-risk derivative instruments.
Binary option sales have already severely curtailed in Europe and North America.
"ASIC is concerned that retail investors have suffered, and are likely in future to suffer, significant detriment from binary options and contracts for difference (CFDs)"
- plans to ban all sales of binary options to retail customers
- retail sales of CFDs would have leverage limits and rules to improve pricing transparency
info via Reuters