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Retail FX

ASIC Bans Bradford AI Director for Unlicensed FX Trading Services

  • Without holding an AFS license, the company allowed clients to trade FX CFDs.
  • It leased a trading bot and tapped the services of a CFDs broker.
Monday, 30/01/2023 | 07:37 GMT by Arnab Shome
Retail FX

ASIC Drafts Reporting Rules for Foreign Brokers with Aussie Clients

  • The new rules are likely to commence in October 2024.
  • It shows ASIC's focus on tightening its grip on local market operations.
Monday, 23/01/2023 | 06:36 GMT by Arnab Shome
Executive Moves

ASIC Commissioner Sean Hughes Resigns to Join Vanguard

  • Hughes is leaving ten months before the expiry of his term at ASIC.
  • He will now oversee Vanguard Australia's legal and compliance functions.
Tuesday, 17/01/2023 | 07:03 GMT by Arnab Shome
Retail FX

AAT Upholds Olive Financial Markets' Aussie Licence Cancellation

  • ASIC canceled Olive's AFS license on 16 March 2020.
  • The company appealed against ASIC's decision on 17 March 2020.
Wednesday, 11/01/2023 | 08:22 GMT by Arnab Shome
Brokers

Top Forex Brokers in Australia

  • How do you choose the best forex brokers in Australia?
Thursday, 05/01/2023 | 13:25 GMT by Finance Magnates Staff
Retail FX

ASX Wolf Tyson Scholz Breaches Aussie Financial License Laws

  • He was held for providing financial advisory without an AFS license.
  • The action came after ASIC cautioned the 'finfluencers' earlier.
Tuesday, 20/12/2022 | 09:48 GMT by Arnab Shome
FinTech

ASIC Stops Two AFS Licenses, Takes American Express to Court

  • One AFS license was suspended and another was cancelled.
  • American Express Australia was accused of improper credit card distribution.
Tuesday, 06/12/2022 | 13:46 GMT by Damian Chmiel
Institutional FX

ASIC Guides Exchanges How to Name ETPs

  • Financial market watchdog introduced two levels of labeling.
  • They are based on product type and their specific risks.
Thursday, 24/11/2022 | 10:04 GMT by Damian Chmiel
CryptoCurrency

ASIC Seeks Civil Penalty from Block Earner for Unlicensed Crypto Offerings

  • Block Earner offers several cryptocurrency-based fixed-yield earning products.
  • It does not hold an AFS license.
Wednesday, 23/11/2022 | 07:54 GMT by Arnab Shome
CryptoCurrency

No Blockchain for Aussie Stock Market, RBA Is "Very Dissapointed"

  • Five years of work on a blockchain solution for ASX costs over $170 million.
  • RBA and ASIC criticized ASX actions.
Thursday, 17/11/2022 | 11:41 GMT by Damian Chmiel
CryptoCurrency

FTX’s Bahamas Unit Applies for Bankruptcy Protection in the US

  • The subsidiary is seeking protection from creditors in the United States.
  • Several regulators have responded to the sudden collapse of FTX.
Wednesday, 16/11/2022 | 13:56 GMT by Solomon Oladipupo
Retail FX

ASIC Sentences Former CEO of van Eyk Research to 15 Months Imprisonment

  • Thomas will be banned from managing a company for five years.
  • He was ordered to perform 250 hours of community service.
Wednesday, 16/11/2022 | 10:41 GMT by Damian Chmiel
Op-ed
Op-ed
Retail FX
Op-ed
Op-ed

2022, a Year of Tightening Marketing Regulations for Retail Brokers

  • The COVID-19 pandemic saw a significant rise in online investments and digital crimes
  • Several countries have tightened their financial advertising regulations to protect the public
Wednesday, 16/11/2022 | 09:43 GMT by Jonathan Elkin
CryptoCurrency

ASIC Suspends FTX’s AFS License

  • The company is allowed to offer limited services until 19 December.
  • It has also entered into voluntary administration.
Wednesday, 16/11/2022 | 06:21 GMT by Arnab Shome
Retail FX

ASIC Bans Unlicensed CFDs Trader for 10 Years

  • He is a former Director at Suncoast Trading (operated as Equity Trade).
  • He offered guaranteed high returns to clients from managed CFDs trading.
Tuesday, 15/11/2022 | 06:26 GMT by Arnab Shome
Retail FX

ASIC Warns Against Fake IPO Investment Frauds

  • The regulator uses case studies of Porshe's IPO and Care A2's Pre-IPO.
  • ASIC reminds that investing at the Pre-IPO stage involves higher risks.
Wednesday, 09/11/2022 | 11:41 GMT by Damian Chmiel
Retail FX

FX Ponzi Scheme Defrauded $180m, Director Faces 10 Years in Jail

  • The scheme operated for almost seven years, starting in 2010.
  • The former director of a fraudulent company faces five criminal charges.
Tuesday, 08/11/2022 | 10:06 GMT by Damian Chmiel
CryptoCurrency

ASIC Shows How to Spot a Cryptocurrency Scam

  • ASIC supports ongoing Scams Awareness Week 2022.
  • The regulator lists 10 ways to identify potential crypto fraud.
Tuesday, 08/11/2022 | 08:25 GMT by Damian Chmiel
Retail FX

ASIC Heralds 12 'Enforcement Priorities' for 2023, including Crypto

  • New priorities focus on the protection of consumers from financial harm.
  • The new list includes greenwashing, social media misinformation and cryptocurrencies.
Thursday, 03/11/2022 | 09:22 GMT by Damian Chmiel
Retail FX

ASIC Bans Former Trade360 Manager for 8 Years

  • Bringans was working for Sirius Financial, trading as Trade360.
  • Following ASIC's investigation, the company's license was revoked.
Wednesday, 02/11/2022 | 10:29 GMT by Damian Chmiel
Institutional FX

Australia Opens Consultation on Capital Market Resilience

  • It is the second of three consultation rounds planned by ASX.
  • ASIC wants to increase the resilience of capital market participants.
Monday, 31/10/2022 | 10:09 GMT by Damian Chmiel
Institutional FX

ASIC Fines AUSIEX and Hits CommSec With Largest Ever Penalty

  • The penalty is the highest in history for breaching the Market Integrity Rule.
  • Companies used 121,000 occasions to overcharge their clients.
Wednesday, 26/10/2022 | 09:11 GMT by Damian Chmiel
CryptoCurrency

ASIC Sues BPS for Misleading Promotion of Qoin Tokens

  • Qoin was developed as a non-cash payment facility.
  • The company even falsely claimed regulatory authorization.
Tuesday, 25/10/2022 | 06:13 GMT by Arnab Shome
CryptoCurrency

ASIC Warns against Cryptcurrency Scam Appasiccoin.org

  • The watchdog states it never gives permission to use its logo to promote financial services.
  • Due to the cryptocurrency scams, investors lost $1 billion in 15 months.
Tuesday, 18/10/2022 | 11:30 GMT by Damian Chmiel
CryptoCurrency

ASIC Temporarily Halts Holon’s Cryptocurrency Funds

  • The funds are invested in Bitcoin, Ether and Filecoin.
  • The regulator alleges that the target market determination of the funds is inappropriate.
Monday, 17/10/2022 | 06:52 GMT by Arnab Shome
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