Asic
ASIC Forces Broker to Enhance Supervision in "Forex Crackdown"
- The Australian watchdog raised concerns over Calibre’s risk frameworks, advice to clients and supervision of representatives, and the company has changed the way it does business adhering to a stricter procedures.
Monday, 08/12/2014 | 07:19 GMT by
Avi Mizrahi
ESMA Grants Trade Repository Access to Australian Financial Regulator
- The European Securities and Markets Authority signed two Memorandum of Understanding agreements which are enhancing cross-border cooperation with Australian authorities on trade repositories and CCPs.
Friday, 05/12/2014 | 09:30 GMT by
Victor Golovtchenko
Two Aussies Plead Guilty of Insider Trading after Pocketing $180,000
- The pair pled guilty after admitting to all of their wrongdoings related to several cases of exceptionally good trading decisions related to takeover bids netted them a hefty sum from CFD and shares transactions.
Friday, 05/12/2014 | 07:33 GMT by
Victor Golovtchenko
FOFA Bandwagon Takes Unexpected U-Turn as Advisors Brace for Compliance Quagmire
- With regulators in the process of reforming financial regulation worldwide, the Australian Senate gets involved by voting to repeal previous regulation designed to protect retail investors. Political games in economic circles.
Thursday, 20/11/2014 | 04:51 GMT by
George Tchetvertakov
KnCMiner unveils 16 nm Solar ASIC, says it will increase performance six-fold
Wednesday, 19/11/2014 | 13:38 GMT by
Leon Pick
Discretionary CFD Broker Terminated by ASIC, Director Banned for Second Time
- ASIC terminates one CFD broker, bans its Director and warns against a margin foreign-exchange broker YoutradeFX operating without a license. The regulator's battle for compliant market practises continues.
Tuesday, 18/11/2014 | 01:26 GMT by
George Tchetvertakov
Aussie Regulator Opens Public Consultation into Electronic Disclosure Methods
- ASIC wants financial markets and all their participants to embrace the digital age in their own suitable way. Improved electronic disclosure rules are only the first step in the regulators aim to better engage customers.
Friday, 14/11/2014 | 03:16 GMT by
George Tchetvertakov
ASIC Announces Areas of Focus for Upcoming Financial Reports by Listed Companies
- The Aussie regulator encourages greater transparency and responsibility from Listed companies when submitting financial reports at the end of the year. ASIC urges Directors to "challenge the accounting estimates and treatments" if necessary.
Friday, 07/11/2014 | 01:50 GMT by
George Tchetvertakov
ASIC Looks to Optimise Its Operations despite Having Its Hands Full
- Despite stronger fees and revenues ASIC is planning for a 12% budget cut next year alongside 209 job losses. A mixed picture in a rapidly changing market with one certainty, "proactive surveillance will substantially reduce in 2014-15".
Thursday, 30/10/2014 | 03:44 GMT by
George Tchetvertakov
Spondoolies-Tech gets $5 million in Series B funding, aiming for 16 nm ASIC in 2015
Sunday, 26/10/2014 | 12:20 GMT by
Leon Pick
Cutting edge ASICS and challenges with pool centralization: Spondoolies CEO predictions at Inside Bitcoins Tel Aviv
Wednesday, 22/10/2014 | 16:44 GMT by
Leon Pick
ASIC Publishes Strategic Outlook Identifying Risks and Concerns
- ASIC has identified risks related to a range of issues including globalisation, innovation-driven complexity, gatekeeper conduct, and broad expectations of market participants. Now comes the hard bit of dealing with them.
Monday, 20/10/2014 | 09:51 GMT by
George Tchetvertakov
DMM FX Australia Launches a Ladder Binary Options Trading Platform
- The company has taken the typically Japanese ladder binary options offering where preset expiry prices deviating form the bid/ask average are used for the expiration, for now clients can play three minute expiries.
Thursday, 16/10/2014 | 13:08 GMT by
Victor Golovtchenko
ASIC and CFTC Sign off on Mutual Oversight Measures for Regulated Entities
- Australian and U.S authorities square their lines on information sharing and oversight measures; even leaving room for "on-site visits" if deemed required. Regulatory agencies are becoming multinational to combat cross-border threats.
Wednesday, 01/10/2014 | 05:55 GMT by
George Tchetvertakov
Analysis: Australian Binary Options Industry Looking for Quality Rather than Quantity
- Binary Options are gaining popularity, clients and criticism in equal measure. Forex Magnates provides a snapshot of the growing industry in Australia, outlining its major players and regulatory challenges.
Wednesday, 24/09/2014 | 23:45 GMT by
George Tchetvertakov
Invast Financial Services Fined by ASIC for Providing Misleading Information to Clients
- A Sydney-based broker is fined $20,400 for two infringements relating to marketing services to clients. The penalty indicates ASIC is stepping up its vigilance of financial services offered to retail customers.
Thursday, 18/09/2014 | 04:53 GMT by
George Tchetvertakov
ASIC Signs Memorandum of Understanding as OTC Market Reforms Loom
- Australia's financial market regulator has announced the signing of a Memorandum of Understanding with Singapore's Monetary Authority as Asia's regulatory agencies circle the wagons in preparation for potential G20 reforms
Wednesday, 17/09/2014 | 05:00 GMT by
George Tchetvertakov
ASIC Warns Against FirstForex, Fifx and FIFX Global: “Not Regulated in Australia”
- Another cloned broker gets a warning from a global regulator. This time ASIC is warning investors about FirstForex that it is in fact an unregulated broker and not registered in Australia.
Monday, 15/09/2014 | 07:09 GMT by
George Tchetvertakov
ASIC Takes Action against 'Global Derivative Services' for Multiple License Breaches
- The Australian watchdog pulls the plug on the retail forex broker for failing to meet its AFS obligations, and takes a tough line on firms looking to offer derivatives products to retail investors.
Tuesday, 09/09/2014 | 02:39 GMT by
George Tchetvertakov
ASIC Seeks to Augment Business Practises Relating to Personal Advice
- With regulatory repercussions cascading down on several banks and financial services firms around the globe, the Australian Securities and Investments Commission (ASIC) offers its own views and recommendations.
Thursday, 28/08/2014 | 08:29 GMT by
George Tchetvertakov
ASIC Continues Ongoing Fight with Malpractice in the Financial Markets
- Market regulation operates on a self-regulatory model, leaving ASIC no choice but to play cat-and-mouse with market participants. With workload remaining elevated ASIC is pushing for dialogue rather than court dates
Thursday, 21/08/2014 | 05:29 GMT by
George Tchetvertakov
Got a Tip from a Friend on a CFD? In Australia It Can Cost You a Huge Fine and Jail Time
- The Australian Securities & Investment Commission took a CFD investor to court for insider trading charges. He may face years of Jail time and a massive fine in hundreds of thousands of for only $25,000 in profits.
Tuesday, 12/08/2014 | 10:35 GMT by
Avi Mizrahi
Facing Upcoming Media Onslaught, Australian Financial Watchdog Barks Back
- After a Senate inquiry had already called for an investigation into the Australian Securities and Investments Commission performance, for its part in a bank scandal, the Commissioner lashes out at the press.
Tuesday, 08/07/2014 | 10:09 GMT by
Avi Mizrahi
!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}