Pseudo-investments and mobile apps - a new frontier for regulators

It is hardly surprising that the Australian Securities and Investments Commission (ASIC) has taken an interest in the mobile app market, given that there has been an aggressive expansion into the mobile space by financial services providers. ASIC has recently cracked down on web and mobile based OTC derivative providers, and apps that facilitate binary options trading (BOT apps).

 

In this article, we focus on issues that arise in connection with BOT apps.