Australian Stock Exchange Queries Payment Firm's Revenue From 'Unconscionable' Brokers

Australian payment services provider iSignthis has revealed that a quarter of its revenue in the first half of last year came from contracts-for-difference (CFD) brokers, which a regulator said engaged in “unconscionable” conduct and were later subject to a winding-up order.

An Australian Stock Exchange (ASX) filing released on Monday shows that the Sydney bourse is seeking highly detailed information about iSignthis’ business with CFD and forex suppliers, as well as the accuracy of its reporting and relationship with disgraced Danish lender Københavns Andelskasse.

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