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Australia
Europe's Economic Crossroads: Recession Fears and S&P Global's
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Will Blockchain Technology Mark a Turning Point in Fraud
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7 Things We Wish Someone Had Told Us Before We Started Trading
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The quiet power of invisible technology: Why the future of
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Europe's Economic Crossroads: Recession Fears and S&P Global's
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Will Blockchain Technology Mark a Turning Point in Fraud
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7 Things We Wish Someone Had Told Us Before We Started Trading
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Australia
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Institutional FX
ASIC Encourages Whistleblowers to "Speak Up" and Publishes Good Practices Report
2023-03-02T11:12:22.566+02:00
The Australian regulator wants to help improve companies' whistleblowing rules.
ASIC reminds regulated entities that they are obliged to protect whistleblowers from detriment.
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CryptoCurrency
Regulator Investigates Binance Australia's Derivatives Business
2023-02-24T12:15:20.468+02:00
It came after Binance Australia misclassified 500 users as "wholesale investors."
Crypto exchanges in Australia cannot offer derivatives products to retail clients.
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Retail FX
Another Director of $180m FX Ponzi Scheme Faces 10 Years in Jail
2023-02-22T11:08:07.090+02:00
After Irevasi and Papoulias pled guilty, the court charged Sipina with criminal offences.
The Ponzi scheme operated for almost seven years.
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Thought Leaders
ACY Securities 2022 Pip Hunter Trading Contest Winner Announced
2023-02-21T10:42:59.285+02:00
ACY Securities is proud to announce Mei Ling Qi as the champion of the Pip Hunter Contest.
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Executive Moves
Kohle Capital Markets Onboards Two Executives in Australia Office
2023-02-20T12:58:18.713+02:00
Both of them joined from the Australia offices of CLSA Premium.
The broker holds an Australia license since 2019.
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CryptoCurrency
ASIC Puts Crypto in Its 2023 Enforcement Priorities
2023-02-15T10:52:08.466+02:00
The regulator took several enforcement actions against crypto firms last year.
It also kept sustainable finance and cyber risks on its priorities list.
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CryptoCurrency
ASIC Had FTX Australia Under Surveillance Before Collapse
2023-01-30T11:16:58.908+02:00
FTX Australia launched services last March.
The Aussie regulator sent three notices to FTX.
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Retail FX
ASIC Bans Bradford AI Director for Unlicensed FX Trading Services
2023-01-30T09:37:08.492+02:00
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.
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Retail FX
ASIC Drafts Reporting Rules for Foreign Brokers with Aussie Clients
2023-01-23T08:36:45.272+02:00
The new rules are likely to commence in October 2024.
It shows ASIC's focus on tightening its grip on local market operations.
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Brokers
Top Forex Brokers in Australia
2023-01-05T15:25:50.455+02:00
How do you choose the best forex brokers in Australia?
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FinTech
Australia’s Alex Bank Receives ADI License to Expand Product
2022-12-21T13:26:04.002+02:00
The bank received a restricted license last year.
It now supports more than 2,500 customer accounts.
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Retail FX
ASX Wolf Tyson Scholz Breaches Aussie Financial License Laws
2022-12-20T11:48:56.622+02:00
He was held for providing financial advisory without an AFS license.
The action came after ASIC cautioned the 'finfluencers' earlier.
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FinTech
Webull Expands into Australia in Third APAC Launch
2022-12-19T20:47:43.097+02:00
Only US-listed securities are to be initially offered in Australia.
Webull Australia secured the AFS license earlier in June.
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Retail FX
VT Markets Reports 125% Trading Volume Surge in 2022
2022-12-16T15:54:17.892+02:00
The broker's success was driven by "innovation, product diversification and expansion."
The FX/CFD industry's FTD sank to an all-time low earlier in August.
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CryptoCurrency
Australia Aims to Regulate Crypto under Financial System Makeover
2022-12-14T13:28:47.462+02:00
The Australian Government wants to set crypto regulations in 2023.
It is a part of a broader move to modernize local financial infrastructure.
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Damian Chmiel
Retail FX
Aussie Police Charge 4 Chinese Men in an AU$100M FX/Crypto Scam
2022-12-09T13:52:56.851+02:00
The four defendants registered companies in Australia and opened bank accounts for money laundering.
Most of the victims of the scam are in the United States.
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FinTech
ASIC Stops Two AFS Licenses, Takes American Express to Court
2022-12-06T15:46:07.762+02:00
One AFS license was suspended and another was cancelled.
American Express Australia was accused of improper credit card distribution.
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CryptoCurrency
ASIC Seeks Civil Penalty from Block Earner for Unlicensed Crypto Offerings
2022-11-23T09:54:00.011+02:00
Block Earner offers several cryptocurrency-based fixed-yield earning products.
It does not hold an AFS license.
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Retail FX
ASIC Sentences Former CEO of van Eyk Research to 15 Months Imprisonment
2022-11-16T12:41:33.387+02:00
Thomas will be banned from managing a company for five years.
He was ordered to perform 250 hours of community service.
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CryptoCurrency
ASIC Suspends FTX’s AFS License
2022-11-16T08:21:23.286+02:00
The company is allowed to offer limited services until 19 December.
It has also entered into voluntary administration.
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Retail FX
ASIC Bans Unlicensed CFDs Trader for 10 Years
2022-11-15T08:26:10.397+02:00
He is a former Director at Suncoast Trading (operated as Equity Trade).
He offered guaranteed high returns to clients from managed CFDs trading.
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CryptoCurrency
ASIC Shows How to Spot a Cryptocurrency Scam
2022-11-08T10:25:47.578+02:00
ASIC supports ongoing Scams Awareness Week 2022.
The regulator lists 10 ways to identify potential crypto fraud.
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Retail FX
ASIC Bans Former Trade360 Manager for 8 Years
2022-11-02T12:29:12.603+02:00
Bringans was working for Sirius Financial, trading as Trade360.
Following ASIC's investigation, the company's license was revoked.
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CryptoCurrency
ASIC Sues BPS for Misleading Promotion of Qoin Tokens
2022-10-25T08:13:54.396+02:00
Qoin was developed as a non-cash payment facility.
The company even falsely claimed regulatory authorization.
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Retail FX
ASIC Secures $229.9 Million in Civil Penalties in FY 2021/2022
2022-10-14T21:56:56.506+02:00
The regulator has secured convictions against 33 individuals.
ASIC introduced breach reporting, hawking prohibition and deferred sales during the period.
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