Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag Australian investors warned to verify share ownership via HINs amid platform risks.

flag Australian investors are being warned to understand how their shares are held, as many use apps like Raiz, Stockspot, and eToro without knowing if they legally own their investments. flag These platforms often use pooled custodial accounts, reducing transparency and control, which can lead to losses during cyberattacks or platform failures—similar to the $44 million loss in the Halifax Investments case. flag In contrast, holding shares via a Holder Identification Number (HIN) registers ownership directly in the investor’s name, offering greater security and flexibility. flag Experts urge investors, especially younger ones influenced by social media, to review ownership structures, avoid unsolicited advice, and verify platform legitimacy to protect their assets.

3 Articles

Further Reading