• Australian (ASX) Stock Market Forum

Hello and welcome to Aussie Stock Forums!

To gain full access you must register. Registration is free and takes only a few seconds to complete.

Already a member? Log in here.

Small Prop Firm and ASIC/AFSL

Discussion in 'Business, Investment and Economics' started by mjim, Jun 7, 2016.

  1. mjim


    Likes Received:
    Jun 6, 2016
    Now a days in Australia anything to do with Financial trading even education requires an AFSL/ ACL etc
    ( which as a consumer is good as perhaps it stops dodgy "snake oil salesperson" at bay.. but that is another subject)

    Does anybody know
    If a person/ group wishes to start a very very small Prop operation will that entity need a AFSL?
    My feeling is
    - If the business model does not take any money ( be it for desk fees or training) and does not give advice from the participants then perhaps NO
    - What if the business model is a hybrid ? meaning the traders do pay some "First loss Risk money " and the firm provides additional capital? then?
    Any experts?

Share This Page