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Asic
Europe's Economic Crossroads: Recession Fears and S&P Global's
Education Center
Will Blockchain Technology Mark a Turning Point in Fraud
Education Center
7 Things We Wish Someone Had Told Us Before We Started Trading
Education Center
Ramp Network to Enable USDt on TON Purchases and Withdrawals
Thought Leadership
Europe's Economic Crossroads: Recession Fears and S&P Global's
Education Center
Will Blockchain Technology Mark a Turning Point in Fraud
Education Center
7 Things We Wish Someone Had Told Us Before We Started Trading
Education Center
Ramp Network to Enable USDt on TON Purchases and Withdrawals
Thought Leadership
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Asic
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Retail FX
This Regulator Bids Farewell to Long-Serving Top Executives
ASIC announced leadership changes amid ongoing transformation.
The current CEO, Warren Day, is leaving the institution after over 20 years of service.
Monday, 15/04/2024 | 08:01 GMT
by
Damian Chmiel
CryptoCurrency
$41 Million Crypto Investment Scheme Collapses in Australia
The court-appointed receivers for the digital assets held by three companies operating the scheme.
The scheme offered a maximum fixed return of 16 percent.
Friday, 12/04/2024 | 07:35 GMT
by
Arnab Shome
Retail FX
Aussie Court Orders CFDs Broker Prospero Markets to Shut Down, Appoints Liquidators
ASIC previously suspended its AFS license for failing to lodge annual financial statements and audit reports.
The regulatory action followed charges against some of its former employees in a $229 million money laundering scheme.
Thursday, 11/04/2024 | 06:03 GMT
by
Arnab Shome
Retail FX
Dirty Truth of Clean Investments: ASIC Triumphs in Historic Greenwashing Case
Vanguard admits to misleading investors about ESG screens in its billion-dollar fund.
It marks ASIC's first victory in combating misleading ESG claims.
Thursday, 28/03/2024 | 08:10 GMT
by
Damian Chmiel
Retail FX
Bait? ASIC Cautions against Increasing Fake Websites Displaying Warning Sign
Fraudulent websites display messages asking people to report scams to police, ASIC, and Scamwatch.
Scammers are even running paid campaigns on popular websites.
Thursday, 21/03/2024 | 09:07 GMT
by
Arnab Shome
Regulation
$8 Million Loss Instead of 150% Profit: Crypto Fund Director Banned
ASIC banned Panacea Capital's Director for dishonesty in crypto fund operation.
Brian Jacques Creigh was operating an unlicensed and misleading business in digital assets.
Thursday, 21/03/2024 | 08:15 GMT
by
Damian Chmiel
Retail FX
Third Conviction Looms in $180M Courtenay House Ponzi Scheme
David Sipina admits to unlicensed financial services and dealing with crime proceeds.
This comes a year after he was first charged in connection with a Ponzi scheme.
Wednesday, 20/03/2024 | 07:08 GMT
by
Damian Chmiel
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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
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