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Retail FX

News Nuggets | 17 August: Fortex Integrates with Haame CRM; Colt Partners with AsiaNext

  • Also, CME launches APAC reference rates for cryptos; BaFin investigates fraudulent firms.
  • Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Thursday, 17/08/2023 | 10:23 GMT by Finance Magnates Staff
Retail FX

No AFS License Needed until 2025: ASIC Extends FFSPs Transitional Relief Again

  • The Australian regulator extends the deadline for foreign firms.
  • The date has been set for 31 March 2025, pushing back the need for an Australian license.
Tuesday, 08/08/2023 | 05:08 GMT by Damian Chmiel
Retail FX

FX/CFDs Broker Probis Goes Bankrupt, ASIC Halts Its License

  • ASIC has halted Probis Financial Services' AFS license due to its bankruptcy.
  • The firm must maintain membership with the AFCA until 30 October 2023.
Monday, 07/08/2023 | 05:23 GMT by Damian Chmiel
Brokers

ASIC Sues eToro for Lapses around Identifying CFDs Investors

  • eToro allegedly exposed a “significant number of retail clients” to risky CFDs.
  • The broker has now revised the target market determination in place for CFDs.
Thursday, 03/08/2023 | 07:03 GMT by Arnab Shome
Retail FX

ASIC Reports $109M in Civil Penalties and 144 Ongoing Cases after H1 2023

  • The first half of 2023 saw 125 charges against individuals.
  • 70 investigations have commenced, and 144 are still ongoing.
Wednesday, 02/08/2023 | 09:25 GMT by Damian Chmiel
Retail FX

ASIC Revokes Interim Stop Order against CFDs Broker Mitrade

  • The interim stop order was revoked on 26 July 2023.
  • Mitrade has around 2.4 million users globally.
Tuesday, 01/08/2023 | 09:50 GMT by Arnab Shome
Institutional FX

ASIC Pursues Vanguard Australia in ‘Greenwashing’ Lawsuit

  • The regulator is accusing the investment firm of misleading ESG compliance.
  • ASIC is seeking penalties against the company.
Tuesday, 25/07/2023 | 11:09 GMT by Jared Kirui
Brokers

Fortune Prime Acquires GMT Markets to Offer CFDs in Australia

  • GMT Markets has offered FX and CFDs in Australia since 2011.
  • Fortune Prime has already started to offer services with the ASIC license gained through the acquisition.
Thursday, 13/07/2023 | 07:22 GMT by Arnab Shome
Retail FX

Aussie Broker Openmarkets Fined AU$4.5M for Market Integrity Violations

  • It is the record penalty against a company for such violations.
  • The broker agreed to an enforceable undertaking.
Thursday, 06/07/2023 | 06:27 GMT by Arnab Shome
CryptoCurrency

Aussie Regulator Searched Local Binance Offices

  • The search was a part of the ongoing probe against the exchange derivatives business.
  • Neither ASIC nor Binance confirmed the search.
Wednesday, 05/07/2023 | 09:04 GMT by Arnab Shome
Retail FX

Australia Launches Fusion Cell to Tackle $1b Investment Scams

  • Australia's National Anti-Scam Centre is spearheading the country's first fusion cell.
  • The initiative aims to disrupt scam operations.
Monday, 03/07/2023 | 09:03 GMT by Damian Chmiel
Retail FX

News Nuggets | 22 June: New Exchange on TradingView; HKEX in New York

  • GTC's new Chief Analyst; crypto trademarks of HSBC and Mastercard.
  • Read today's FX/CFDs, crypto, and fintech sectors' dynamic news.
Thursday, 22/06/2023 | 09:12 GMT by Finance Magnates Staff
Retail FX

News Nuggets | 15 June: ASIC Cancels License; BaFin Probes Illegal Trading Brands

  • Bitpanda introduces a new product; TradingView teams up with StakingRewards.
  • Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Thursday, 15/06/2023 | 10:04 GMT by Finance Magnates Staff
Retail FX

News Nuggets | 6 June: Citi Chooses NetDania; FMA Warns against Imposter

  • Nomura posts corporate outlook; Cboe gets crypto approval; and Your Bourse announces a new HR Manager.
  • Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Tuesday, 06/06/2023 | 08:44 GMT by Finance Magnates Staff
Retail FX

ASIC Flags Mitrade Global for DDO Violations, Suspends Operations

  • Mitrade offered unlimited attempts to retail traders to pass its questionnaires.
  • The order is effective for 21 days unless revoked earlier.
Friday, 02/06/2023 | 06:26 GMT by Arnab Shome
Retail FX

ASIC Pushes Financial Advisor Registration Deadline to 1 October

  • The regulator will run a campaign to make the industry understand its requirements.
  • The Aussie Parliament will also consider improvements in the proposed requirements.
Tuesday, 30/05/2023 | 07:12 GMT by Arnab Shome
Retail FX

News Nuggets | 22 May: BUX Zero Rebrands; XTB MENA Adds Shares Trading

  • IC Markets' new sports sponsorship and new Scope Markets hire.
  • Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Monday, 22/05/2023 | 06:40 GMT by Finance Magnates Staff
Retail FX

Saxo Amends CFDs Target Market Determination amid ASIC’s Stop Order

  • The regulator issued eight stop orders against Saxo’s offerings.
  • The orders were revoked in two days.
Thursday, 18/05/2023 | 07:03 GMT by Arnab Shome
Retail FX

Aussie Firms Should Meet Design and Distribution Obligations: ASIC

  • The Aussie regulator brought the DDO rules in October 2021.
  • It has issued several stop orders for violation of such obligations.
Wednesday, 03/05/2023 | 07:11 GMT by Arnab Shome
Retail FX

Aussie Court Bans 'ASX Wolf' from Offering Financial Advice

  • Tyson Scholz was a popular finfluencer who flaunted his luxurious lifestyle.
  • He can no longer host chat groups for financial advice.
Thursday, 13/04/2023 | 07:55 GMT by Arnab Shome
CryptoCurrency

Binance Australia License Cancelled by ASIC at Exchange's Request

  • Binance Australia Derivatives was operated by Oztures Trading Pty Ltd.
  • The exchange is facing a CFTC lawsuit and regulatory warnings worldwide.
Thursday, 06/04/2023 | 08:07 GMT by Damian Chmiel
Retail FX

ASIC Temporarily Halts Interactive Brokers' Stock Lending Products

  • The temporary suspension will last for 21 days.
  • The regulator raised concerns about the product's target market determination and disclosure statements.
Thursday, 09/03/2023 | 08:40 GMT by Arnab Shome
Institutional FX

ASIC Encourages Whistleblowers to "Speak Up" and Publishes Good Practices Report

  • The Australian regulator wants to help improve companies' whistleblowing rules.
  • ASIC reminds regulated entities that they are obliged to protect whistleblowers from detriment.
Thursday, 02/03/2023 | 09:12 GMT by Damian Chmiel
Retail FX

Another Director of $180m FX Ponzi Scheme Faces 10 Years in Jail

  • After Irevasi and Papoulias pled guilty, the court charged Sipina with criminal offences.
  • The Ponzi scheme operated for almost seven years.
Wednesday, 22/02/2023 | 09:08 GMT by Damian Chmiel
CryptoCurrency

ASIC Puts Crypto in Its 2023 Enforcement Priorities

  • The regulator took several enforcement actions against crypto firms last year.
  • It also kept sustainable finance and cyber risks on its priorities list.
Wednesday, 15/02/2023 | 08:52 GMT by Arnab Shome
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