ADVERTISEMENT
Market news, analysis & forecast powered by
Preview Mode
News
Retail FX
Institutional FX
Fintech
Payments
Cryptocurrency
Executives
Thought Leadership
FMTV
Trending
Education
Forex Education
Cryptocurrency Education
Fintech Education
Industry Terms
Directory
Events
Intelligence
Quarterly Intelligence Reports
Annual Subscription
Custom Reports
What are you looking for?
What are you looking for?
Subscribe to our News & Services
All News
Retail FX
Institutional FX
Fintech
Payments
Cryptocurrency
Executives
Thought Leadership
FMTV
Trending
Education
Forex Education
Cryptocurrency Education
Fintech Education
Industry Terms
Directory
Events
Intelligence
Quarterly Intelligence Reports
Annual Subscription
Custom Reports
About Us
Contact us
Terms of Use
Privacy
Market News
by
Subscribe to our News & Services
FM ALL News
FM Crypto
Follow us on Twitter
Follow us on Linkedin
FM Home
>
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
The Crypto Market is Surging - Why FX Brokers Can’t Afford to
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
The Crypto Market is Surging - Why FX Brokers Can’t Afford to
Thought Leadership
ADVERTISEMENT
Asic
Search for a tag
Retail FX
Two Aussie Directors of Troubled FX and CFDs Broker XTrade Banned
2024-07-18T08:15:02.493+02:00
One of the directors is facing a two-year ban from carrying out any financial services business, while the other is facing a five-year ban.
ASIC also cancelled the broker's licence earlier this year.
T
h
u
r
s
d
a
y
,
1
8
/
0
7
/
2
0
2
4
|
0
6
:
1
5
G
M
T
by
Arnab Shome
CryptoCurrency
BitConnect’s Australian Frontman Has Been Convicted but Released
2024-07-15T08:05:30.087+02:00
John Bigatton promoted the country's fraudulent cryptocurrency scheme.
He previously pleaded guilty to the charges brought by ASIC.
M
o
n
d
a
y
,
1
5
/
0
7
/
2
0
2
4
|
0
6
:
0
5
G
M
T
by
Arnab Shome
FinTech
PayPal Australia's Unfair Contract Term: Court Favours Small Businesses
2024-07-05T07:25:14.202+02:00
The payment giant used a contract term that was unfair to small businesses.
However, no business suffered loss or damage due to the unfair term.
F
r
i
d
a
y
,
0
5
/
0
7
/
2
0
2
4
|
0
5
:
2
5
G
M
T
by
Arnab Shome
Retail FX
Is Your FX/CFD Brokerage ASIC-Approved? Regulator Demands Record Clean-Up
2024-07-01T10:58:14.266+02:00
The market watchdog urges AFS licensees to correct errors in financial adviser records.
The regulator considers enforcement action for non-compliance.
M
o
n
d
a
y
,
0
1
/
0
7
/
2
0
2
4
|
0
8
:
5
8
G
M
T
by
Damian Chmiel
ADVERTISEMENT
Retail FX
Australian Watchdog Steps Up Oversight of Financial Advisers and Traders
2024-06-26T08:02:08.401+02:00
ASIC announces new reporting rules for financial advisers using the experienced provider pathway.
The regulator also calls on market intermediaries to strengthen the supervision of communication.
W
e
d
n
e
s
d
a
y
,
2
6
/
0
6
/
2
0
2
4
|
0
6
:
0
2
G
M
T
by
Damian Chmiel
FinTech
iSignthis Misled Investors: Aussie Court Rules
2024-06-21T13:45:30.566+02:00
The company misled its investors about its revenue.
The court highlighted that ASIC could not prove the allegations against the former MD and CEO of the company.
F
r
i
d
a
y
,
2
1
/
0
6
/
2
0
2
4
|
1
1
:
4
5
G
M
T
by
Arnab Shome
CryptoCurrency
ASIC Seeks to Impose Penalty on This Crypto Firm Since 2022, Court Interferes
2024-06-18T08:25:48.911+02:00
The Aussie market watchdog is appealing a Federal Court decision regarding Block Earner.
The court relieved it from paying an AU$350,000 penalty for offering unlicensed financial services.
T
u
e
s
d
a
y
,
1
8
/
0
6
/
2
0
2
4
|
0
6
:
2
5
G
M
T
by
Damian Chmiel
Retail FX
XTrade Lost Australia License for Lapses in CFDs Offerings
2024-06-06T07:35:14.856+02:00
The broker failed to comply with licensing obligations between June 2018 and September 2022.
It attempted to receive a stay order on the regulatory decision but failed.
T
h
u
r
s
d
a
y
,
0
6
/
0
6
/
2
0
2
4
|
0
5
:
3
5
G
M
T
by
Arnab Shome
ADVERTISEMENT
CryptoCurrency
ASIC Fails to Impose Any Penalty on Block Earner for Unlicensed Offerings
2024-06-04T07:57:47.684+02:00
The regulator was seeking a civil penalty of AU$350,000 from the crypto company.
The court pointed out that Block Earner acted honestly and not carelessly when it offered the Earner product.
T
u
e
s
d
a
y
,
0
4
/
0
6
/
2
0
2
4
|
0
5
:
5
7
G
M
T
by
Arnab Shome
Regulation
ASIC Permanently Bans Melbourne Director for $650K Client Fraud
2024-05-30T08:21:46.287+02:00
The Aussie regulator has restricted Christopher David Nairn from the financial industry.
According to ASIC, he falsified documents and misappropriated customers' funds.
T
h
u
r
s
d
a
y
,
3
0
/
0
5
/
2
0
2
4
|
0
6
:
2
1
G
M
T
by
Damian Chmiel
Retail FX
ASIC Aims to Simplify Search for Information on Licensed Brokers
2024-05-28T08:47:21.743+02:00
Data from ASIC Connect will be transferred to the Professional Registers Search.
The regulator aims to simplify consumers' search for information about licensed firms.
T
u
e
s
d
a
y
,
2
8
/
0
5
/
2
0
2
4
|
0
6
:
4
7
G
M
T
by
Damian Chmiel
Retail FX
Former DanFX Director Gets Over 7 Years in Jail for Fraud
2024-05-27T07:50:41.325+02:00
He misappropriated investors’ funds and even paid off early investors like a Ponzi scheme.
He has been in prison since November 2021.
M
o
n
d
a
y
,
2
7
/
0
5
/
2
0
2
4
|
0
5
:
5
0
G
M
T
by
Arnab Shome
ADVERTISEMENT
Payments
Argentex Expands Global Reach with AFSL for Currency Risk Management
2024-05-23T11:40:45.305+02:00
The firm expands to offer tailored currency risk solutions to Australian wholesale clients.
The ASIC-granted AFSL allows managing currency volatility while operating as a remittance provider registered with AUSTRAC.
T
h
u
r
s
d
a
y
,
2
3
/
0
5
/
2
0
2
4
|
0
9
:
4
0
G
M
T
by
Tareq Sikder
Retail FX
Aussie Regulator Hits TMGM for Lapses in CFDs Client Onboarding
2024-05-23T08:30:11.848+02:00
The stop order prevents the broker from opening new accounts and dealing in CFDs and margin FX.
"We are actively working towards addressing the stop order": TMGM.
T
h
u
r
s
d
a
y
,
2
3
/
0
5
/
2
0
2
4
|
0
6
:
3
0
G
M
T
by
Arnab Shome
Retail FX
ASIC Chairman Urges AI Reforms in Finance Sector
2024-05-21T09:01:03.100+02:00
Joe Longo has warned that current regulations may not be sufficient.
He emphasized the need for changes and proactive oversight.
T
u
e
s
d
a
y
,
2
1
/
0
5
/
2
0
2
4
|
0
7
:
0
1
G
M
T
by
Damian Chmiel
CryptoCurrency
Aussie Frontman of BitConnect Pleads Guilty
2024-05-17T07:58:27.215+02:00
John Bigatton promoted the fraudulent scheme on social media and through seminars.
He pled guilty to promoting financial services products without any licence.
F
r
i
d
a
y
,
1
7
/
0
5
/
2
0
2
4
|
0
5
:
5
8
G
M
T
by
Arnab Shome
ADVERTISEMENT
Retail FX
ASIC Takes Aim at Cold Calling Business Models Harming Consumers
2024-05-15T08:26:42.677+02:00
The Aussie regulator has issued a warning to unlicensed entities making unsolicited contact with consumers.
It is also important to AFS licensees that receive consumer details.
W
e
d
n
e
s
d
a
y
,
1
5
/
0
5
/
2
0
2
4
|
0
6
:
2
6
G
M
T
by
Damian Chmiel
Retail FX
High-Pressure Cold Calling Tactics Draw Aussie Regulator's Attention
2024-05-07T07:54:43.278+02:00
The cold-calling operators have lead generation and referral arrangements with some financial advisers.
They usually target people aged between 25 and 50 years.
T
u
e
s
d
a
y
,
0
7
/
0
5
/
2
0
2
4
|
0
5
:
5
4
G
M
T
by
Arnab Shome
CryptoCurrency
ASIC Scores Legal Victory: BPS Financial Found Guilty in Qoin Wallet Case
2024-05-03T10:31:22.627+02:00
Further proceedings for penalty determination have been set for later in 2024.
According to the court, the firm misled consumers about the Wallet's registration, usage, and exchangeability.
F
r
i
d
a
y
,
0
3
/
0
5
/
2
0
2
4
|
0
8
:
3
1
G
M
T
by
Tareq Sikder
Retail FX
ASIC Says: Prepare Now for Mandatory Climate Reporting
2024-04-23T09:45:27.605+02:00
The regulator is urging companies to start preparing for new climate requirements.
Despite the pragmatic approach, it emphasizes that proactive preparation is crucial.
T
u
e
s
d
a
y
,
2
3
/
0
4
/
2
0
2
4
|
0
7
:
4
5
G
M
T
by
Damian Chmiel
ADVERTISEMENT
Retail FX
ASIC Pulls the Plug on This Retail Broker's Financial Services License
2024-04-22T09:57:00.806+02:00
The regulator has revoked JB Markets' Australian Financial Services license.
The move comes after the company failed to meet financial requirements.
M
o
n
d
a
y
,
2
2
/
0
4
/
2
0
2
4
|
0
7
:
5
7
G
M
T
by
Damian Chmiel
Retail FX
This Regulator Bids Farewell to Long-Serving Top Executives
2024-04-15T10:01:45.828+02:00
ASIC announced leadership changes amid ongoing transformation.
The current CEO, Warren Day, is leaving the institution after over 20 years of service.
M
o
n
d
a
y
,
1
5
/
0
4
/
2
0
2
4
|
0
8
:
0
1
G
M
T
by
Damian Chmiel
CryptoCurrency
$41 Million Crypto Investment Scheme Collapses in Australia
2024-04-12T09:35:52.231+02:00
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.
F
r
i
d
a
y
,
1
2
/
0
4
/
2
0
2
4
|
0
7
:
3
5
G
M
T
by
Arnab Shome
Retail FX
Aussie Court Orders CFDs Broker Prospero Markets to Shut Down, Appoints Liquidators
2024-04-11T08:03:52.524+02:00
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.
T
h
u
r
s
d
a
y
,
1
1
/
0
4
/
2
0
2
4
|
0
6
:
0
3
G
M
T
by
Arnab Shome
ADVERTISEMENT
Retail FX
Dirty Truth of Clean Investments: ASIC Triumphs in Historic Greenwashing Case
2024-03-28T10:10:50.833+02:00
Vanguard admits to misleading investors about ESG screens in its billion-dollar fund.
It marks ASIC's first victory in combating misleading ESG claims.
T
h
u
r
s
d
a
y
,
2
8
/
0
3
/
2
0
2
4
|
0
8
:
1
0
G
M
T
by
Damian Chmiel
See more
Next
Previous
ADVERTISEMENT
ADVERTISEMENT
!
"
#
$
%
&
'
(
)
*
+
,
-
.
/
0
1
2
3
4
5
6
7
8
9
:
;
<
=
>
?
@
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
[
\
]
^
_
`
a
b
c
d
e
f
g
h
i
j
k
l
m
n
o
p
q
r
s
t
u
v
w
x
y
z
{
|
}
!
"
#
$
%
&
'
(
)
*
+
,
-
.
/
0
1
2
3
4
5
6
7
8
9
:
;
<
=
>
?
@
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
[
\
]
^
_
`
a
b
c
d
e
f
g
h
i
j
k
l
m
n
o
p
q
r
s
t
u
v
w
x
y
z
{
|
}