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Retail FX

After CME, ASX Outage Exposes Exchange Flaws: Brings More Worries for the Aussie Operator

  • Although the Australian exchange is now operational, trading of companies with price-sensitive announcements is suspended.
  • The exchange operator is already facing investigation for its operational and risk management failures.
Monday, 01/12/2025 | 07:09 GMT by Arnab Shome
Retail FX

CFD Educator Learn to Trade’s Compliance Failure Pushes Aussie Regulator to Take Action

  • Learn to Trade allegedly failed to submit its financial statements for two consecutive years on time, and also did not inform the regulator about the new auditor appointment.
  • ASIC now wants an independent compliance consultant to review the company’s “procedures and frameworks.”
Tuesday, 25/11/2025 | 05:26 GMT by Arnab Shome
Retail FX

ASIC Makes “Reporting Misconduct” a Priority: An Alarm for CFD Brokers?

  • “Financial reporting misconduct” is among the ten priorities for the regulator in 2026.
  • “We’re doing more investigations, taking more matters to court, and securing record penalties,” says ASIC’s Deputy Chair.
Thursday, 13/11/2025 | 05:34 GMT by Arnab Shome
Retail FX

Aussie Regulator Granted 290 New AFS Licences in FY25, While Curbing 215 Others

  • The number of new AFS licence applications with the regulator jumped by 10 per cent last year.
  • “Applications from digital asset operators are on the rise, underscoring the growing interest in the crypto sector,” said the ASIC Commissioner.
Monday, 10/11/2025 | 05:17 GMT by Arnab Shome
Trending

Data Scientist Unlocks 9 Million AUD Crypto for AFP Investigation in Australia

  • Suspect refused wallet keys, risking leaving prison with millions from alleged crimes.
  • AFP digital forensics team identifies altered number sequences to access crypto wallet.
Friday, 31/10/2025 | 10:32 GMT by Tareq Sikder
Regulation

ASIC Warns Fake Moneysmart Pages Harvest Investor Details

  • Australian regulators have identified fraudulent copies of the government's financial education website.
  • Scammers pressure victims with urgency tactics and promises of high returns from small deposits.
Thursday, 16/10/2025 | 07:59 GMT by Damian Chmiel
Exchanges

Cboe Gets Green Light to Break ASX's Grip on Australian Market

  • The ASIC approval allows an alternative exchange to host IPOs and company listings for the first time.
  • The move aims to increase options for companies seeking capital and boost investment opportunities for local investors.
Tuesday, 07/10/2025 | 06:12 GMT by Damian Chmiel
Retail FX

ASIC Cancels Licence of This Offshore CFDs Broker Due to Inactivity

  • Velos Global Markets stopped offering any service under its AFS licence from around May 2024.
  • The broker secured the licence in November 2017, which was cancelled in September 2025.
Friday, 03/10/2025 | 05:28 GMT by Arnab Shome
CryptoCurrency

Aussie Regulators Propose Full Licensing and Stronger Consumer Protections for Crypto

  • Currently, only platforms trading major cryptocurrencies like Bitcoin are registered with AUSTRAC.
  • The proposal also includes requirements for wrapped tokens, staking activities, and the broader token infrastructure.
Thursday, 25/09/2025 | 13:32 GMT by Jared Kirui
Regulation

ASIC Traps Investment Boss in Australia as $8M Bond Scam Unravels

  • One scammed retiree reportedly lost $750,000 after investing what he believed were legitimate Macquarie and UBS bonds.
  • In reality, however, no transactions most likely took place.
  • The most concerning aspect is that, despite the alleged fraud, the perpetrators held ASIC authorization.
Tuesday, 23/09/2025 | 05:39 GMT by Damian Chmiel
Regulation

$53M Investor Cash Allegedly Lost To Gambling In Aussie Fund Scandal

  • Federal court extends asset preservation orders amid ASIC investigation into suspected misuse of investor funds.
  • Director Gregory Cotton must disclose financial details as the regulator probes missing investments.
Thursday, 11/09/2025 | 05:53 GMT by Damian Chmiel
CryptoCurrency

High Court Allows ASIC to Challenge Block Earner Over Fixed-Yield Crypto Product

  • The Federal Court found unlicensed conduct but later removed penalties.
  • ASIC is required to cover Block Earner’s legal costs; a hearing date has not been set.
Friday, 05/09/2025 | 04:49 GMT by Tareq Sikder
Regulation

ASIC Admits Its Own Rules Were Too Complex, Deletes 9,000 Pages of Red Tape

  • ASIC seeks stakeholder input on multi-year simplification program.
  • The Chairman says complex rules stifle innovation and raise costs for businesses.
Wednesday, 03/09/2025 | 07:16 GMT by Damian Chmiel
Regulation

ASIC Shuts Down Financial Firm Over $155M Fund Scandal

  • The Australian regulator cancels MWL Financial Services' license and bans the director for 10 years.
  • The watchdog found undisclosed conflicts of interest and bonus arrangements that prioritized firm profits over client welfare.
  • The banned director's lawyers immediately challenged the decision, calling it wrong and seeking an urgent tribunal review.
Thursday, 28/08/2025 | 06:05 GMT by Damian Chmiel
Retail FX

Prospero Markets’ Liquidators Distributed AU$18.1 Million in Customer Claims

  • The liquidators determined total client claims to be AU$19.2 million.
  • The remaining clients with claims were urged to provide proper bank details.
Wednesday, 27/08/2025 | 10:52 GMT by Arnab Shome
Brokers

Webull Expands Crypto Trading to Australia Day After US Relaunch

  • The brokerage offers 240 cryptocurrencies with 30 a 30-basis-point spread through the Coinbase Prime partnership.
  • It represents the company's third global market for integrated crypto trading following successful testing in Brazil.
Wednesday, 27/08/2025 | 07:06 GMT by Damian Chmiel
Regulation

Australian Watchdog Shuts Down 330 Fake Celebrity Investment Scam Sites This Year

  • ASIC ramps up enforcement as AI-powered fraud schemes exploit billionaire images to target consumers.
  • The regulator has boosted enforcement activity by 50% and expanded takedown capabilities to include social media ads where many scams originate.
Wednesday, 27/08/2025 | 06:54 GMT by Damian Chmiel
CryptoCurrency

Binance Australia Has “Serious Concerns” Around AML Controls, Must Appoint Auditor

  • AUSTRAC flagged the concerns even in Binance’s latest independent review, which was limited in scope relative to its size, business offerings, and risks.
  • The exchange has 28 days to nominate external auditors.
Friday, 22/08/2025 | 07:44 GMT by Arnab Shome
Retail FX

Australia Will Now Take Down Social Media Ads Promoting Investment Scams

  • The new capability of ASIC comes in addition to its existing powers to block fraudulent websites.
  • The regulator took down over 14,000 investment scam and phishing websites in the last two years.
Thursday, 21/08/2025 | 04:58 GMT by Arnab Shome
Institutional FX

IG Prime Adds Access to Australian Equities Market Data

  • The data will be sourced from CBOE, and access to it will be provided through FIX API.
  • The offering has been launched amid growing interest in Aussie stocks.
Tuesday, 05/08/2025 | 06:26 GMT by Arnab Shome
Regulation

ASIC Issues Super Scam Alert as $4 Trillion Investment System Targeted

  • The scammers employ high-pressure tactics to persuade people to convert their retirement savings into high-risk investments.
  • They are also creating fake ASIC websites to steal personal and banking information.
Thursday, 03/07/2025 | 06:11 GMT by Damian Chmiel
Regulation

Investors Locked Out, Directors Locked In: First Guardian Saga

  • ASIC has barred two First Guardian directors from leaving Australia and frozen one director’s assets.
  • Most investors remain unable to access their money while the probe proceeds.
Wednesday, 02/07/2025 | 06:49 GMT by Damian Chmiel
Retail FX

Share Sales Fraud in Australia Jumped 7x in the Last 4 Years

  • Fraudsters hijack the brokerage accounts of legitimate individuals and then sell or transfer those shares to pocket the proceeds.
  • ASIC urged companies and investors to become vigilant towards such scams.
Tuesday, 24/06/2025 | 05:14 GMT by Arnab Shome
Retail FX

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
Regulation

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
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