Asic
ASIC Hands $15,000 Fine to Pershing Securities Australia Over Trade Confirmation Errors
- The Bank of New York Mellon Subsidiary operating the Pershing brand had one of its business lines handed a tiny fine by the Australian Securities and Investment Commission over errors related to ASX trade confirmations.
Monday, 03/02/2014 | 12:04 GMT by
Steven Hatzakis
ASIC Censures CFD Trader Via Magistrates Court for Market Manipulation
- ASIC has today announced that it intends to pursue criminal proceedings against a New South Wales-based CFD trader for market abuse, with a maximum penalty of $495,000 or 10 years imprisonment.
Thursday, 30/01/2014 | 14:34 GMT by
Andrew Saks McLeod
Thinking CFDs, ThinkForex Expands CFD Offering With Six New Index-Based Instruments
- The ASIC-regulated online trading broker under the name TF GLOBAL MARKETS (AUST) PTY LTD, has just announced that six new CFDs will start trading next week, based on certain US, European, and Australian underlying indexes.
Friday, 03/01/2014 | 12:37 GMT by
Steven Hatzakis
Hattrick for ASIC: Three Large Firms Censured For Incorrect Handling Of Client Funds
- Australia's national regulatory authority ASIC has today announced that it has censured three large firms for failing to adhere to rulings with regard to segregation of client funds, resulting in a penalty and an EU.
Tuesday, 17/12/2013 | 07:43 GMT by
Andrew Saks McLeod
Changes on the Horizon at Safecap (Markets.com)
- Earlier in the month, it was revealed that Safecap appointed a new CEO for its Cypriot operations. But that may not be the only change as the firm will be reportedly launching two new regulatory divisions.
Thursday, 28/11/2013 | 11:54 GMT by
Ron Finberg
Canadian State Regulator Cautions Investors About YoutradeFX
- Ontario Securities Commission, the financial services regulator for the Ontario has issued a warning against YoutradeFX. The notification comes after the broker solicits Canadian clients without holding the necessary licenses.
Friday, 25/10/2013 | 07:25 GMT by
Adil Siddiqui
Pepperstone IPO Chatter Getting Louder with Hiring of Berkshire Capital
- Chatter of possible Pepperstone IPO grew as the broker has contracted Berkshire Capital, a New York based investment bank that provides services to the Australian market through its local Sydney office.
Wednesday, 23/10/2013 | 09:01 GMT by
Ron Finberg
Brokers Blame Australian Regulator for Unfairly Slamming Down Their Business
- Australia’s main financial watchdog, the Australian Securities and Investments Commission, issued a notification warning investors of the nature of foreign exchange trading. The notification comes after a regulated broker went into liquidation.
Friday, 18/10/2013 | 14:02 GMT by
Adil Siddiqui
Aussie Rob Receives Five-Year Ban As ASIC Clamps Down On FX Training Software
- Australian regulatory authority ASIC has today issued a five year ban to Robert Wilson for the misleading marketing and sale of software which indicates when to enter and exit trades with red and green lines.
Thursday, 17/10/2013 | 07:21 GMT by
Andrew Saks McLeod
Former Director Of Sonray Capital Markets Faces Jail For Part In $46M Demise
- ASIC announces end to the high-profile case involving failed Australian introducing broker, Sonray Capital Markets, at one time one of the nation's largest white labels and referrer of business to Saxo Bank.
Wednesday, 02/10/2013 | 11:00 GMT by
Andrew Saks McLeod
GTL Tradeup, an Australian FX Broker Goes Belly Up Down Under
- Australian FX broker, GTL Tradeup has filed for bankruptcy. The regulated FX broker contacted the regulator on the 25th of September, informing them that its Board of Directors had resolved to place the business into Liquidation.
Thursday, 26/09/2013 | 00:47 GMT by
Adil Siddiqui
Interactive Brokers Retracts Margin Loan Facility Following Breach Of ASIC License Terms
- Interactive Brokers has ceased providing its Australian clients with margin lending after surveillance by ASIC unearthed concerns that the company's license does not permit the extension of credit.
Wednesday, 28/08/2013 | 10:21 GMT by
Andrew Saks McLeod
ASIC Releases Sixth Supervision Report - Surveillance On The Agenda
- Australian financial markets regulator ASIC has released its sixth market supervision report today, further demonstrating its continued efforts to apply strict rulings to all firms which operate under its jurisdiction.
Wednesday, 21/08/2013 | 09:44 GMT by
Andrew Saks McLeod
MetaTrader Continues Its Retail Dominance; ThinkForex Explains The Need For Diversity
- MetaTrader 4 has enjoyed a clear run of the retail FX market for a number of years, however although it remains a benchmark among retail traders, there is an increasing demand for other platforms. ThinkForex details why.
Friday, 16/08/2013 | 12:41 GMT by
Andrew Saks McLeod
Australia Sets New Rules on HFT and Dark Liquidity
- Australia's financial regulator has discharged a total of eight market integrity rules on dark liquidity and high frequency trading, the guidance clarifies expectations on market participants and operators.
Monday, 12/08/2013 | 20:36 GMT by
Adil Siddiqui
July Forex Industry Review: Summer Doldrums Hitting the Market?
- We’ve reached August, and the summer is in full blast in major market centers. But that didn't stop July from being an active month of activity and announcements in the forex industry across the globe.
Thursday, 01/08/2013 | 14:26 GMT by
Ron Finberg
High Frequency Trading Takes a Sharp U-turn - Heading in the Right Direction
- High frequency trading accounts to a considerable market share of global e-trading, this is a preview of a report in the Forex Magnates Quarterly Q2 report reviewing the many changes that have been affecting this sector.
Monday, 29/07/2013 | 07:40 GMT by
Adil Siddiqui
ASIC Releases Half Yearly Regulatory Enforcement Outcomes For January To June 2013
- Australia's financial markets regulator ASIC has demonstrated recently that it is strengthening its regulatory scope, and has today released full details of enforcements which have taken place between January and June this year.
Wednesday, 24/07/2013 | 07:20 GMT by
Andrew Saks McLeod
DMM FX Australia – More Information on Their Upcoming Launch
- Last week we wrote that Japanese DMM Securities, the world’s second largest retail broker by volume, was on its way to launching an Australian subsidiary, DMM FX. Today we have more details about the upcoming launch.
Tuesday, 23/07/2013 | 12:51 GMT by
Ron Finberg
Breaking: Japanese Expansion Continues, DMM Securities Launching Australian Division DMM FX
- MM Securities, the world’s second largest retail broker by volume has secured an ASIC license and will soon be launching DMMFX.COM.AU. DMM FX will feature FX and CFDs as well as binary options trading within its brand.
Thursday, 18/07/2013 | 19:38 GMT by
Ron Finberg
Invast Securities Launches Australian Licensed Brokerage
- Japanese Invast Securities is today announcing the launch of its Australian, ASIC licensed brokerage. As reported by Forex Magnates in February, Invast had secured an ASIC license earlier in the year.
Wednesday, 17/07/2013 | 07:03 GMT by
Ron Finberg
You’re Nicked Mate! Australian Regulator Shuts Down Apex Derivatives And Liquidates Its Assets
- Sydney-based OTC derivatives and FX firm Apex Derivatives has today been wound up by Australian regulator ASIC for falsely purporting to be ASIC regulated, and for continuing business whilst insolvent.
Tuesday, 09/07/2013 | 07:21 GMT by
Andrew Saks McLeod
Krys Kling Joins DirectFX.com As Global Head of Operations
- Australian broker and ASIC licensed, DirectFX, has announced the hiring of Krys Kling as its new Global Head of Operations. The hiring is part of DirectFX’s aim of “to broaden their exposure to the global forex market”.
Sunday, 23/06/2013 | 08:16 GMT by
Ron Finberg
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