Editing Stockbroker (section)

===Australia===
Up until January 1, 2019, investment professionals that offer financial advice in [[Australia]] had to pass training pursuant to [[RG146]].<ref>{{cite web|url=https://www.moneymanagement.com.au/news/financial-planning/rg146-cpd-no-longer-required|title=RG146 CPD no longer required|last=Goh|first=Jassmyn|website=moneymanagement.com.au|date=June 10, 2020|access-date=October 9, 2020}}</ref> They must hold an [[Australian Financial Services Licence]] that is overseen by the [[Australian Securities and Investments Commission]].<ref>{{cite web|title=Financial advice|url=https://www.moneysmart.gov.au/investing/financial-advice|access-date=October 9, 2020|publisher=[[Australian Securities and Investments Commission]]}}</ref> They are subject to [[fiduciary]] obligations.

As of 2019, Australia's biggest online stockbroker was [[Commonwealth Securities]], other large brokers were [[Australia and New Zealand Banking Group|ANZ Share Investing]], [[National Australia Bank|nabtrade]] and [[Westpac|Westpac Online Investing]].<ref>{{cite web|url=https://www.smh.com.au/business/banking-and-finance/commsec-profits-fall-20-8-per-cent-amid-market-turbulence-58979121-p52w6z.html|title=CommSec profits fall 20.8 per cent amid market turbulence|last=Yeates|first=Clancy|publisher=[[The Sydney Morning Herald]]|date=September 30, 2019|access-date=October 9, 2020}}</ref>