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"Um.....what about sports gambling and all the other stuff my kids have to see while they watch footy ? This is just another attempt to keep people financially illiterate." 100% agree.....

Pokies in every Pub, a Casino in every major Australian City..... No problem... hey Commissioner...
This is a total overreaction to a few that lost money in these markets.... over policing at it's finest.... I'm betting that this development was orchestrated from overseas once Europe and the US Market Makers watched their funds vanish to the Australian based Brokers....

1. All this does is ensures that the MM's have more cash at their disposal thanks to the tighter leverage..... $200 retail accounts will explode into $2k deposits just to trade pitances....

2. It shows ASIC is incapable of regulating anything other than their frequent flyer points..... By bowing to pressure from overseas interests and targeting the low hanging fruit of the financial world... God only know the Banks F$%ked them over when push come to shove......

There is absolutely nothing left in Australia that is untouched by Bureaucratic over reach....