News: Australia's ASIC Oversees More Than A$17.4 Million In Compensation To Retail Investors By Otc...

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    Nov 9 (Reuters) -

    Australia's ASIC:

    • ASIC OVERSEES MORE THAN A$17.4 MILLION IN COMPENSATION TO RETAIL INVESTORS BY OTC DERIVATIVE ISSUERS
    • FOLLOWING ASIC'S REVIEW, BINANCE COMPENSATED RETAIL CLIENTS WHO WERE MISCLASSIFIED AS WHOLESALE
    • IN SEPT 2023, BINANCE PAID OVER A$5.2 MILLION IN FURTHER COMPENSATION TO AN ADDITIONAL 18 DERIVATIVES CLIENTS
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