Asic
Australia’s Main Stock Exchange Is Under Investigation for “Serious Failures”
- The investigation comes after multiple outages impacted the trading of Aussie stocks.
- The share price of the stock exchange dropped almost 7 per cent after the announcement of the inquiry.
Monday, 16/06/2025 | 08:08 GMT by
Arnab Shome
Collapsed Investment Schemes Leave 600 Australians $160M Poorer, ASIC Seeks Emergency Receivers
- Regulator moves to freeze assets of 31 companies amid investigation into failed investment products.
- ASIC wants to freeze assets and investigate what happened to investor funds that flowed through a complex web of related entities.
Monday, 16/06/2025 | 06:40 GMT by
Damian Chmiel
Adviser Banned for 10 Years After $15M Hit Shady UK Platform
- Glenda Rogan misled investors about cryptocurrency risks while funneling money to a suspicious site outside the country.
- In the meantime, she informed customers that their funds were being held in safe, fixed-interest accounts.
Thursday, 12/06/2025 | 06:35 GMT by
Damian Chmiel
This $18.7B Fund Manager Ignored Investor Warnings for 2 Years, ASIC Claims
- Regulator alleges Unity Funds failed to properly vet investors for mortgage scheme despite collecting questionnaires.
- According to ASIC, 307 customers were accepted without proper screening, with some losing significant money when underlying loans failed.
Wednesday, 11/06/2025 | 06:02 GMT by
Damian Chmiel
Former Boss of Collapsed Stockbroking Firm Faces Fresh $192M Fraud Charges
- Ex BBY CEO Arunesh Maharaj appeared in Sydney court charged with dishonest conduct over a multi-million share deal with ASX.
- This marks his third criminal charge related to the collapsed stockbroking firm's operations.
Tuesday, 10/06/2025 | 05:56 GMT by
Damian Chmiel
FX/CFD Brokers Must Act as ASIC Tightens Adviser Oversight Ahead of 2026 New Rules
- The Commission has warned AFS licensees, including FX and CFD brokers, to urgently correct the adviser register's errors.
- According to the market watchdog, it must be done before the new 2026 qualification rules take effect.
- Inaccurate records could lead to compliance breaches and regulatory action.
Tuesday, 03/06/2025 | 06:51 GMT by
Damian Chmiel
ASIC Finds $1 Trillion in Funds Lack Proper Oversight
- Australia's securities regulator discovered widespread compliance failures among fund managers.
- The review revealed that most compliance plans inadequately address key investor protection requirements introduced in 2021.
Monday, 02/06/2025 | 06:09 GMT by
Damian Chmiel
Expert Used “Psychological Bullying” to Take $940K from Forex Investors. Now He's Going to Prison
- Mark McCabe provided investors with fake “test” trading accounts where no actual trading took place.
- He misappropriated $940,350 of their funds for personal expenses between 2015 and 2021.
Wednesday, 21/05/2025 | 06:58 GMT by
Damian Chmiel
“Millionaires' Factory” Faces Reckoning Over 14-Year Short Sale Reporting Failures
- Australia's financial regulator, ASIC, has sued Macquarie Securities for allegedly misreporting millions of short positions.
- This marks ASIC's fourth action against Macquarie Group in just over a year, highlighting broader compliance concerns in the local financial sector.
Wednesday, 14/05/2025 | 06:43 GMT by
Damian Chmiel
Court Pulls Plug on $274 Million First Guardian Fund as ASIC Moves to Expose Misconduct
- The Federal Court has ordered the liquidation of Falcon Capital and its $274 million First Guardian Master Fund following ASIC's application.
- Simultaneously, the regulator is consulting on plans to publish firm-level breach and complaints data to improve transparency.
Thursday, 10/04/2025 | 05:29 GMT by
Damian Chmiel
Australia to Shut Down 95 Companies for Their Possible Links to “Hydra-Like” Scams
- ASIC obtained a court order to close these companies.
- Most of these companies were registered using false information, while some are suspected of using stolen identities.
Monday, 07/04/2025 | 04:43 GMT by
Arnab Shome
If You Get This Text from ASIC, Delete It Immediately!
- Australian financial regulator has warned about scammers sending fraudulent text messages that appear to come from the agency.
- The market watchdog emphasizes it never communicates via text messages and urges Australians to avoid clicking on suspicious links.
Thursday, 03/04/2025 | 07:28 GMT by
Damian Chmiel
“It Is Deeply Disappointing That Regulators Need to Take These Actions Today”: RBA Governor Slams ASX
- Australian regulators have downgraded the risk management rating of the Australian stock exchange.
- Moreover, they have ordered an independent review following a major CHESS settlement failure in December 2024.
Monday, 31/03/2025 | 08:36 GMT by
Damian Chmiel
TRAction to Handle ASIC Compliance for This $35.9 Billion Manager
- Shenkman Capital has engaged TRAction to handle its ASIC OTC derivatives trade reporting requirements.
- The agreement allows Shenkman to focus resources on core business functions while meeting regulatory obligations.
Wednesday, 26/03/2025 | 09:14 GMT by
Damian Chmiel
Has ASIC Approached You for Payments to Release Assets? It's a Recovery Scam
- Aussie consumers have received emails and phone calls from scammers impersonating regulatory representatives.
- Scammers are asking for payments in US dollars or cryptocurrencies, which ASIC never does.
Wednesday, 19/03/2025 | 05:41 GMT by
Arnab Shome
Australian Investors Face $274 Million Loss as ASIC Moves to Liquidate Troubled Investment Fund
- The Australian regulator wants to liquidate Falcon Capital and its First Guardian Master Fund.
- ASIC allegedly uncovered serious financial irregularities and misleading practices.
- The fund has left investors stranded since suspending withdrawals in May 2024.
Monday, 17/03/2025 | 07:47 GMT by
Damian Chmiel
ASIC Sues This Company Over Alleged Four-Year Cybersecurity Failures Involving 385 GB of Data
- ASIC has filed federal court proceedings against FIIG Securities for alleged cybersecurity failures that led to a massive data breach.
- The regulator claims FIIG's inadequate security measures enabled hackers to steal sensitive client data that was later exposed on the dark web.
Thursday, 13/03/2025 | 07:29 GMT by
Damian Chmiel
Regulatory Shifts Reshape Trade Reporting: Liquidity Provider Agreements Require Changes
- New rules under EMIR Refit, ASIC, and MAS Rewrite require firms to align data, automate UTI sharing, and renew LEIs.
- Firms must update agreements with liquidity providers to meet stricter trade reporting rules.
Thursday, 06/03/2025 | 09:13 GMT by
Quinn Perrott
This CFDs Broker Lost Its Licence Last Year, Now ASIC Has Banned Its Director
- The Aussie regulator has banned Peter Aardoom for eight years from associating with any financial services firm.
- The agency found that he misrepresented an equities investment as a loan.
Tuesday, 25/02/2025 | 06:39 GMT by
Arnab Shome
!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}