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Europe's Economic Crossroads: Recession Fears and S&P Global's
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Will Blockchain Technology Mark a Turning Point in Fraud
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7 Things We Wish Someone Had Told Us Before We Started Trading
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Finalto Asia and oneZero Boost Asia-Pacific Liquidity for
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Europe's Economic Crossroads: Recession Fears and S&P Global's
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Will Blockchain Technology Mark a Turning Point in Fraud
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7 Things We Wish Someone Had Told Us Before We Started Trading
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Finalto Asia and oneZero Boost Asia-Pacific Liquidity for
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Institutional FX
ASX Had 8,417 Transperancy Errors. It Cost It $1 Million
ASIC fined ASX $1.05M for failing to provide pre-trade transparency on its platform.
The operator failed to identify incorrect system configurations.
Thursday, 07/03/2024 | 08:00 GMT
by
Damian Chmiel
Retail FX
ASIC Wipes Out 3,500 Fraudulent Investment Websites in Anti-Scam Initiative
The commission accumulated $60 million in civil penalties in the second half of last year.
It initiated 83 investigations, charged 19 individuals criminally, and conducted nearly 350 surveillances.
Monday, 04/03/2024 | 09:06 GMT
by
Tareq Sikder
Retail FX
Don’t Trust Fake Elon Musk Encouraging You to Invest, Warns Regulator
An AI-generated billionaire was said to cost one Australian $80,000.
ASIC warns against the increasingly common investment deepfakes.
Friday, 01/03/2024 | 07:26 GMT
by
Damian Chmiel
Retail FX
The $229 Million Money-Laundering Scheme That Brought Down Prospero Markets
ASIC targets Prospero Markets for legal action due to money-laundering claims.
The court hearing for Prospero's liquidation is set for March 2024 after ASIC's move.
Friday, 01/03/2024 | 06:54 GMT
by
Damian Chmiel
Retail FX
ASIC Gets Bankruptcy Order against Finfluencer ‘ASX Wolf’
The finfluencer failed to pay the regulator the cost of court proceedings.
He was banned from offering unlicensed services in April 2023.
Thursday, 29/02/2024 | 08:36 GMT
by
Arnab Shome
Retail FX
Clueless Investors Finance Director's $440K Splurge in Sham Hedge Fund Scheme
The fake fund became Russell Sandiford's private wallet to cover daily expenses.
He now faces up to 15 years behind bars and a substantial financial penalty.
Tuesday, 13/02/2024 | 13:03 GMT
by
Damian Chmiel
CryptoCurrency
Block Earner’s Crypto Product Needs Financial Services License: Aussie Court
ASIC first charged the crypto company for lacking an appropriate license in November 2022.
The product allowed users to earn fixed yield returns from different crypto-assets.
Friday, 09/02/2024 | 09:28 GMT
by
Arnab Shome
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Retail FX
Australian Regulator Clamp Down on Super Fund Scam and Unlicensed Crypto Services
The watchdog charges individuals in SMSF scams and unlicensed crypto service cases.
The schemes promised high returns for retail investors.
Tuesday, 06/02/2024 | 08:49 GMT
by
Damian Chmiel
Retail FX
Westpac's Record $12 Billion Swap Deal Leads to Court Penalty
The bank was fined for 2016's unconscionable conduct in a $12 billion interest rate swap.
Court declares bank's actions in the largest swap transaction in Aussie history unconscionable.
Wednesday, 31/01/2024 | 08:49 GMT
by
Damian Chmiel
Retail FX
How a Banned Aussie Built a Financial Network of 5 New Companies
David Fuoco was banned from the financial sector for a decade.
However, this did not prevent him from opening five new investment firms.
Thursday, 25/01/2024 | 09:20 GMT
by
Damian Chmiel
Retail FX
Indie Advice's License Axed by ASIC: Financial Inactivity Fallout
Despite the cancellation, the license is effective till June 2024 for dispute resolutions.
This is another ASF license withdrawal in recent months.
Tuesday, 23/01/2024 | 08:59 GMT
by
Damian Chmiel
Retail FX
ASIC Extends Registration Deadline for Financial Advisors by 2 Weeks
The new deadline to register with the regulator is not 16 February 2024.
Any registration failure would attract enforcement actions.
Thursday, 18/01/2024 | 09:04 GMT
by
Arnab Shome
Retail FX
Prospero Markets Didn't Lodge Financial Reports, ASIC Suspends License
The suspension will be effective until 28 February 2024.
The broker agreed to the terms of the suspension.
Friday, 22/12/2023 | 08:50 GMT
by
Arnab Shome
Retail FX
News Nuggets | 6 December: Capital.com Hires New CSO; Robinhood Adds 135 Symbols
FCA warns against Christmas fraud; GSTechnologies purchases Semnet.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Wednesday, 06/12/2023 | 11:04 GMT
by
Damian Chmiel
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Retail FX
News Nuggets | 30 November: ASIC Revokes AFS License; FCA Fines Three Money Transfer Firms
Also, FMA and FMSB collaborated; TradingView and Santander Financial started partnerships.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Thursday, 30/11/2023 | 10:34 GMT
by
Damian Chmiel
Retail FX
News Nuggets | 29 November: Tiger Brokers Offers US Bonds; Nomura Retail Division Rebrands
Also, Eurex collaborates with TradingView; Cathedra Bitcoin reports Q3 2023 results.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Wednesday, 29/11/2023 | 11:00 GMT
by
Damian Chmiel
Retail FX
News Nuggets | 28 November: Ledger Partners with YouHodler; KX Launches AI Server
Also, FCA warned against two clone firms; Mastercard and Warply teamed up in MENA.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Tuesday, 28/11/2023 | 11:42 GMT
by
Damian Chmiel
Retail FX
News Nuggets | 23 November: eToro Presents New Products; Mercer to Pay $12M Penalty
Also, ASIC secures undertaking from iExtend; SFC initiates legal action against AMTD.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Thursday, 23/11/2023 | 10:27 GMT
by
Damian Chmiel
Retail FX
News Nuggets | 22 November: ASIC Suspends AFS licence; SFC Fines Lion Futures $2.8 Million
Also, Wedbush Securities appointed a new managing director, and BIS introduced a new data portal.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Wednesday, 22/11/2023 | 11:15 GMT
by
Damian Chmiel
Retail FX
News Nuggets | 21 November: FCA and FMA Warns against Clones and Fraudsters
Also, ASIC published enforcement plan; Plaid hires Adyen executive.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Tuesday, 21/11/2023 | 10:21 GMT
by
Damian Chmiel
Retail FX
ASIC Suspends Licenses of JB Markets, First City amid Compliance Failures
Licenses will be reinstated once both companies meet AFS requirements.
The specter of complete authorization loss looms over First City.
Thursday, 16/11/2023 | 09:02 GMT
by
Damian Chmiel
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Retail FX
ASIC Publishes Its First ‘Investor Alert List’: Adds 77 Names
The Aussie regulator will update this list with the names of unlicensed and imposter entities.
It recently took action against over 2,500 investment scams and phishing websites.
Wednesday, 08/11/2023 | 07:39 GMT
by
Arnab Shome
Retail FX
ASIC’s Anti-Scam Drive: Over 2,500 Investment Fraud, Phishing Websites Face Action
The regulator implemented a new scam website takedown capability.
It has already taken down 2,100 websites.
Thursday, 02/11/2023 | 08:10 GMT
by
Arnab Shome
Retail FX
News Nuggets | 30 October: HSBC's $3B Share Buyback; Railsr $24M Funding Round
Also, Laser Digital and Nomura debuted in The Sandbox metaverse; MAS partnered for digital assets innovation.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Monday, 30/10/2023 | 10:37 GMT
by
Finance Magnates Staff
Retail FX
News Nuggets | 26 October: Ninja Traders's New Version; ASIC Starts Awareness Campaign
Also, Mastercard and MoonPay collaborate; LSEG adopts Oracle Cloud and profits from StanChart, Euroclear and BNP Paribas.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Thursday, 26/10/2023 | 11:16 GMT
by
Finance Magnates Staff
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