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Europe's Economic Crossroads: Recession Fears and S&P Global's
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IronFX Celebrates an Award-Winning Start to 2024
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Europe's Economic Crossroads: Recession Fears and S&P Global's
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Retail FX
No AFS License Needed until 2025: ASIC Extends FFSPs Transitional Relief Again
The Australian regulator extends the deadline for foreign firms.
The date has been set for 31 March 2025, pushing back the need for an Australian license.
Tuesday, 08/08/2023 | 05:08 GMT
by
Damian Chmiel
Retail FX
FX/CFDs Broker Probis Goes Bankrupt, ASIC Halts Its License
ASIC has halted Probis Financial Services' AFS license due to its bankruptcy.
The firm must maintain membership with the AFCA until 30 October 2023.
Monday, 07/08/2023 | 05:23 GMT
by
Damian Chmiel
Brokers
ASIC Sues eToro for Lapses around Identifying CFDs Investors
eToro allegedly exposed a “significant number of retail clients” to risky CFDs.
The broker has now revised the target market determination in place for CFDs.
Thursday, 03/08/2023 | 07:03 GMT
by
Arnab Shome
Retail FX
ASIC Reports $109M in Civil Penalties and 144 Ongoing Cases after H1 2023
The first half of 2023 saw 125 charges against individuals.
70 investigations have commenced, and 144 are still ongoing.
Wednesday, 02/08/2023 | 09:25 GMT
by
Damian Chmiel
Retail FX
ASIC Revokes Interim Stop Order against CFDs Broker Mitrade
The interim stop order was revoked on 26 July 2023.
Mitrade has around 2.4 million users globally.
Tuesday, 01/08/2023 | 09:50 GMT
by
Arnab Shome
Institutional FX
ASIC Pursues Vanguard Australia in ‘Greenwashing’ Lawsuit
The regulator is accusing the investment firm of misleading ESG compliance.
ASIC is seeking penalties against the company.
Tuesday, 25/07/2023 | 11:09 GMT
by
Jared Kirui
Brokers
Fortune Prime Acquires GMT Markets to Offer CFDs in Australia
GMT Markets has offered FX and CFDs in Australia since 2011.
Fortune Prime has already started to offer services with the ASIC license gained through the acquisition.
Thursday, 13/07/2023 | 07:22 GMT
by
Arnab Shome
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Retail FX
Aussie Broker Openmarkets Fined AU$4.5M for Market Integrity Violations
It is the record penalty against a company for such violations.
The broker agreed to an enforceable undertaking.
Thursday, 06/07/2023 | 06:27 GMT
by
Arnab Shome
CryptoCurrency
Aussie Regulator Searched Local Binance Offices
The search was a part of the ongoing probe against the exchange derivatives business.
Neither ASIC nor Binance confirmed the search.
Wednesday, 05/07/2023 | 09:04 GMT
by
Arnab Shome
Retail FX
Australia Launches Fusion Cell to Tackle $1b Investment Scams
Australia's National Anti-Scam Centre is spearheading the country's first fusion cell.
The initiative aims to disrupt scam operations.
Monday, 03/07/2023 | 09:03 GMT
by
Damian Chmiel
Retail FX
News Nuggets | 22 June: New Exchange on TradingView; HKEX in New York
GTC's new Chief Analyst; crypto trademarks of HSBC and Mastercard.
Read today's FX/CFDs, crypto, and fintech sectors' dynamic news.
Thursday, 22/06/2023 | 09:12 GMT
by
Finance Magnates Staff
Retail FX
News Nuggets | 15 June: ASIC Cancels License; BaFin Probes Illegal Trading Brands
Bitpanda introduces a new product; TradingView teams up with StakingRewards.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Thursday, 15/06/2023 | 10:04 GMT
by
Finance Magnates Staff
Retail FX
News Nuggets | 6 June: Citi Chooses NetDania; FMA Warns against Imposter
Nomura posts corporate outlook; Cboe gets crypto approval; and Your Bourse announces a new HR Manager.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Tuesday, 06/06/2023 | 08:44 GMT
by
Finance Magnates Staff
Retail FX
ASIC Flags Mitrade Global for DDO Violations, Suspends Operations
Mitrade offered unlimited attempts to retail traders to pass its questionnaires.
The order is effective for 21 days unless revoked earlier.
Friday, 02/06/2023 | 06:26 GMT
by
Arnab Shome
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Retail FX
ASIC Pushes Financial Advisor Registration Deadline to 1 October
The regulator will run a campaign to make the industry understand its requirements.
The Aussie Parliament will also consider improvements in the proposed requirements.
Tuesday, 30/05/2023 | 07:12 GMT
by
Arnab Shome
Retail FX
News Nuggets | 22 May: BUX Zero Rebrands; XTB MENA Adds Shares Trading
IC Markets' new sports sponsorship and new Scope Markets hire.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Monday, 22/05/2023 | 06:40 GMT
by
Finance Magnates Staff
Retail FX
Saxo Amends CFDs Target Market Determination amid ASIC’s Stop Order
The regulator issued eight stop orders against Saxo’s offerings.
The orders were revoked in two days.
Thursday, 18/05/2023 | 07:03 GMT
by
Arnab Shome
Retail FX
Aussie Firms Should Meet Design and Distribution Obligations: ASIC
The Aussie regulator brought the DDO rules in October 2021.
It has issued several stop orders for violation of such obligations.
Wednesday, 03/05/2023 | 07:11 GMT
by
Arnab Shome
Retail FX
Aussie Court Bans 'ASX Wolf' from Offering Financial Advice
Tyson Scholz was a popular finfluencer who flaunted his luxurious lifestyle.
He can no longer host chat groups for financial advice.
Thursday, 13/04/2023 | 07:55 GMT
by
Arnab Shome
CryptoCurrency
Binance Australia License Cancelled by ASIC at Exchange's Request
Binance Australia Derivatives was operated by Oztures Trading Pty Ltd.
The exchange is facing a CFTC lawsuit and regulatory warnings worldwide.
Thursday, 06/04/2023 | 08:07 GMT
by
Damian Chmiel
Retail FX
ASIC Temporarily Halts Interactive Brokers' Stock Lending Products
The temporary suspension will last for 21 days.
The regulator raised concerns about the product's target market determination and disclosure statements.
Thursday, 09/03/2023 | 08:40 GMT
by
Arnab Shome
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Institutional FX
ASIC Encourages Whistleblowers to "Speak Up" and Publishes Good Practices Report
The Australian regulator wants to help improve companies' whistleblowing rules.
ASIC reminds regulated entities that they are obliged to protect whistleblowers from detriment.
Thursday, 02/03/2023 | 09:12 GMT
by
Damian Chmiel
Retail FX
Another Director of $180m FX Ponzi Scheme Faces 10 Years in Jail
After Irevasi and Papoulias pled guilty, the court charged Sipina with criminal offences.
The Ponzi scheme operated for almost seven years.
Wednesday, 22/02/2023 | 09:08 GMT
by
Damian Chmiel
CryptoCurrency
ASIC Puts Crypto in Its 2023 Enforcement Priorities
The regulator took several enforcement actions against crypto firms last year.
It also kept sustainable finance and cyber risks on its priorities list.
Wednesday, 15/02/2023 | 08:52 GMT
by
Arnab Shome
Retail FX
ASIC Bans Bradford AI Director for Unlicensed FX Trading Services
Without holding an AFS license, the company allowed clients to trade FX CFDs.
It leased a trading bot and tapped the services of a CFDs broker.
Monday, 30/01/2023 | 07:37 GMT
by
Arnab Shome
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