AFSL

The licence cancellation became effective as of the 20th of July 2020.

The AFSL of USGFX has been suspended under section 915B of the Corporations Act 2001.

ASIC announced earlier this month that it had cancelled the AFS licence of Forex CT.

The company must appoint an independent expert to assess and test its controls, systems and processes.

ASIC found that the company’s business model disregarded key obligations of an AFS licensee.

The AFS licence has been suspended until the 30th of June 2021.

The cancellation is effective from the 21st of May 2020.

According to ASIC, the company hadn’t been providing financial services for some time.

Olive has appealed the decision with the Administrative Appeals Tribunal.

A number of AFSLs holding authorisations that cover retail FX brokerage operations are at risk of being cancelled.

The license cancellation took effect on the 5th of March 2020.

The company’s license was suspended in August of 2019.

Berndale had its AFS license canceled in November of 2018.

The regulator has banned Mark Schroeder from providing financial services for six years.

The suspension was previously meant to expire on January 10, 2020.

The trading technology provider initially had its license suspended until September 2020.

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The license has been suspended until the 26th of February 2020.

AGM Markets, Direct FX Trading and Berndale Capital Securities have been called out by the authority.

The firm was authorised to issue and make a market in derivatives and foreign exchange.

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