The share trading platform Stake, founded in 2024 by entrepreneurs Dan Silver and Matt Leibowitz, alleges there is a threat that more consumers could be misled if stake is allowed to continue with its plans to grow its business significantly in Australia under the brand name Stake.

Is Stake safe? Stake is licensed in Australia as a representative of Sanlam Private wealth, so it is subject to regulation by the Australian Securities and Investment Commission (ASIC).