SP1 0.00% $1.07 southern cross payments ltd

Ann: Letter to Shareholders, page-46

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 381 Posts.
    lightbulb Created with Sketch. 62
    The way I read the AFR/SMH article is that the outcome of the case has implications for any financial services firm providing monetary transactions to companies providing CFD/Bitcoin or other high risk operations. ISX by there own admission play in this space, and had a big windfall by NAB ceasing to service these customers. Thus while ISX was not conjoined into the case mentioned, folk would have to be naive to think that future cases in this space would not go after ISX or the banks if they provided monetary transactions to similar entities. And that is all AFR we’re highlighting. Personally I don’t think it was a stab at JK or ISX directly, but to highlight the risk to all financial service firms. JK it seems was the only one who over reacted and took it personally.
    Last edited by Whatknots: 06/02/20
 
watchlist Created with Sketch. Add SP1 (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.