David Trew, AVO and CMC Market's clients
Last weekend The Australian had a report about the CMC Market's Australia Managing Director - David Trew having to take out an AVO (Apprehended Violence Order) for a client.
I've heard pretty bad things (rumours only) about CMC Market's
clients and CFD trading.
I guess this client took it to the next level...
It's funny how the news report about David Trew
and the frustrated CMC Markets client was written.
The report actually made the front page of the broadsheet's weekend issue with a massive photo of David Trew
The report infers that there is something fishy going on but doesn't really point fingers.
It highlights how one client has taken steps to vent his
frustration of losing money from trading.
Then it highlights how CFDs is a little "shonky"/"shoddy" because it isn't allowed in USA, and it was used by a collapsed broker. and I agree that contracts for difference are "one of the riskiest financial instruments on the market".
They are a double edged sword.
The article ends in a slightly twisted note of how Mr Trew
is living large while this bloke is obviously suffering financially.