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Investing & Trading

Investing & Trading


Stake AUS general regulatory requirements
aus

Australian law strictly prohibits certain trading behaviours to help ensure the market remains fair, orderly and transparent. As an investor, you’re responsible for understanding and complying with these rules.

Prohibited conduct under the Corporations Act

The Corporations Act 2001 prohibits various forms of market misconduct, including:

  • Market manipulation
    It’s illegal to place orders or trades that:

    • Create an artificial price for a financial product (s1041A)

    • Create a false or misleading appearance of trading activity (s1041B)

    • Artificially maintain a trading price (s1041C)

  • Insider trading
    It’s illegal to buy or sell a financial product while in possession of inside information – that is, material information not yet made public (s1043A and s1042A)

These are just some of the provisions that may apply to your trading activity. If you’re ever unsure, we recommend seeking independent legal advice before placing an order.

ASIC Market Integrity Rules (MIRs)

Under the ASIC Market Integrity Rules, Market Participants (such as our execution partner FinClear) must:

  • Not do anything that would result in a market being unfair or disorderly (Rule 5.9.1)

  • Not place orders that may give a false or misleading impression of price or trading activity (Rule 5.7.1)

Before placing an order, Market Participants are required to assess whether it could have that effect, based on various factors including:

  • Whether the order could materially impact the price of a security

  • The time of order entry or any instructions about timing

  • Whether the order is being placed for another person or by a related party

  • Whether there’s a genuine commercial reason for the order, unrelated to creating misleading trading activity

  • The size of the order

  • Whether there’s a change in beneficial ownership

  • How often a person cancels or amends orders relative to completed trades

For more information, refer to ASIC’s guidance or seek professional advice.

 


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Stakeshop Pty Ltd, trading as Stake, ACN 610 105 505, is an authorised representative (Authorised Representative No. 1241398) of Stakeshop AFSL Pty Ltd (Australian Financial Services Licence no. 548196). Stake SMSF Pty Ltd ACN 648 283 532 (‘Stake Super’) is not licensed to provide financial product advice under the Corporations Act. This specifically applies to any financial products which are established if you instruct Stake Super to set up a self managed super fund (‘SMSF’). When you sign up to Stake Super, you are contracting with Stake SMSF Pty Ltd who will assist in the establishment of a SMSF under a ‘no advice model’. You will also be referred to Stakeshop Pty Ltd to enable your trading account and bank account to be set up in order to use the Stake Website and/or App. For more information about SMSFs, see our SMSF Risks page. The Stake Accumulate Fund (ARSN 680 653 374) is issued by K2 Asset Management Ltd (ABN 95 085 445 094 AFSL 244 393), a wholly owned subsidiary of K2 Asset Management Holdings Ltd (ABN 59 124 636 782). The information on our website or our mobile application is not intended to be an inducement, offer or solicitation to anyone in any jurisdiction in which Stake is not regulated or able to market its services. At Stake and Stake Super, we’re focused on giving you a better investing experience but we don’t take into account your personal objectives, circumstances or financial needs. Any advice given by Stake is of a general nature only. As investments carry risk, before making any investment decision, please consider if it’s right for you and seek appropriate taxation and legal advice. Please view our Financial Services GuideTerms & ConditionsPrivacy Policy and Disclaimers before deciding to invest on or use Stake or Stake Super. By using our website or service in any way, you agree to our Privacy Policy and Terms & Conditions. All financial products involve risk and you should ensure you understand the risks involved as certain financial products may not be suitable to everyone. Past performance of any product described on this website is not a reliable indication of future performance. Stake and Stake Super are registered trademarks in Australia.

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