A Tasmanian man has been charged for providing unlicensed advice during training sessions he organised on securities and derivatives trading.
ASIC alleges that Oxford Investments director Steven Moore gave opinions and recommendations about price or trading signals. He also recommended strategies that related to the trading of securities or derivatives.
Moore was not a holder of an Australian financial services licence.
More than 12 people attended the courses on trading future contracts on the Sydney Futures Exchange.
Some of the course attendees had paid up to $40,000 for the training and software. ASIC is seeking court orders to stop Moore from carrying out any financial advice.
