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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
Retail FX

ASIC Drafts Reporting Rules for Foreign Brokers with Aussie Clients

  • The new rules are likely to commence in October 2024.
  • It shows ASIC's focus on tightening its grip on local market operations.
Monday, 23/01/2023 | 06:36 GMT by Arnab Shome
Brokers

Top Forex Brokers in Australia

  • How do you choose the best forex brokers in Australia?
Thursday, 05/01/2023 | 13:25 GMT by Finance Magnates Staff
FinTech

Australia’s Alex Bank Receives ADI License to Expand Product

  • The bank received a restricted license last year.
  • It now supports more than 2,500 customer accounts.
Wednesday, 21/12/2022 | 11:26 GMT by Arnab Shome
Retail FX

ASX Wolf Tyson Scholz Breaches Aussie Financial License Laws

  • He was held for providing financial advisory without an AFS license.
  • The action came after ASIC cautioned the 'finfluencers' earlier.
Tuesday, 20/12/2022 | 09:48 GMT by Arnab Shome
FinTech

Webull Expands into Australia in Third APAC Launch

  • Only US-listed securities are to be initially offered in Australia.
  • Webull Australia secured the AFS license earlier in June.
Monday, 19/12/2022 | 18:47 GMT by Solomon Oladipupo
Retail FX

VT Markets Reports 125% Trading Volume Surge in 2022

  • 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.
Friday, 16/12/2022 | 13:54 GMT by Solomon Oladipupo
CryptoCurrency

Australia Aims to Regulate Crypto under Financial System Makeover

  • The Australian Government wants to set crypto regulations in 2023.
  • It is a part of a broader move to modernize local financial infrastructure.
Wednesday, 14/12/2022 | 11:28 GMT by Damian Chmiel
Retail FX

Aussie Police Charge 4 Chinese Men in an AU$100M FX/Crypto Scam

  • 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.
Friday, 09/12/2022 | 11:52 GMT by Arnab Shome
FinTech

ASIC Stops Two AFS Licenses, Takes American Express to Court

  • One AFS license was suspended and another was cancelled.
  • American Express Australia was accused of improper credit card distribution.
Tuesday, 06/12/2022 | 13:46 GMT by Damian Chmiel
CryptoCurrency

ASIC Seeks Civil Penalty from Block Earner for Unlicensed Crypto Offerings

  • Block Earner offers several cryptocurrency-based fixed-yield earning products.
  • It does not hold an AFS license.
Wednesday, 23/11/2022 | 07:54 GMT by Arnab Shome
Retail FX

ASIC Sentences Former CEO of van Eyk Research to 15 Months Imprisonment

  • Thomas will be banned from managing a company for five years.
  • He was ordered to perform 250 hours of community service.
Wednesday, 16/11/2022 | 10:41 GMT by Damian Chmiel
CryptoCurrency

ASIC Suspends FTX’s AFS License

  • The company is allowed to offer limited services until 19 December.
  • It has also entered into voluntary administration.
Wednesday, 16/11/2022 | 06:21 GMT by Arnab Shome
Retail FX

ASIC Bans Unlicensed CFDs Trader for 10 Years

  • He is a former Director at Suncoast Trading (operated as Equity Trade).
  • He offered guaranteed high returns to clients from managed CFDs trading.
Tuesday, 15/11/2022 | 06:26 GMT by Arnab Shome
CryptoCurrency

ASIC Shows How to Spot a Cryptocurrency Scam

  • ASIC supports ongoing Scams Awareness Week 2022.
  • The regulator lists 10 ways to identify potential crypto fraud.
Tuesday, 08/11/2022 | 08:25 GMT by Damian Chmiel
Retail FX

ASIC Bans Former Trade360 Manager for 8 Years

  • Bringans was working for Sirius Financial, trading as Trade360.
  • Following ASIC's investigation, the company's license was revoked.
Wednesday, 02/11/2022 | 10:29 GMT by Damian Chmiel
CryptoCurrency

ASIC Sues BPS for Misleading Promotion of Qoin Tokens

  • Qoin was developed as a non-cash payment facility.
  • The company even falsely claimed regulatory authorization.
Tuesday, 25/10/2022 | 06:13 GMT by Arnab Shome
Retail FX

ASIC Secures $229.9 Million in Civil Penalties in FY 2021/2022

  • The regulator has secured convictions against 33 individuals.
  • ASIC introduced breach reporting, hawking prohibition and deferred sales during the period.
Friday, 14/10/2022 | 19:56 GMT by Solomon Oladipupo
Executives

OnePro Appoints Mohamed Elsergany as MENA CEO and Global CMO

  • Elsergany was previously PU Prime's Regional Director for MENA.
  • OnePro also hired PU Prime's Mohanad Yakout as the Global Head of Market Research.
Friday, 07/10/2022 | 18:45 GMT by Solomon Oladipupo
Regulation

ASIC Approves 578 New Licenses in Fiscal 2022

  • The licenses include AFS and ACL.
  • It also canceled 558 licenses.
Friday, 30/09/2022 | 07:39 GMT by Arnab Shome
Retail FX

Optus Hack: ASIC Warns Market Intermediaries against Possible 'Fraud'

  • Personal details of up to 10 million Optus customers were stolen.
  • Interestingly, the hacker assured deletion of the compromised data.
Wednesday, 28/09/2022 | 06:59 GMT by Arnab Shome
Retail FX

Dixon Advisory Gets AU$7.2 Million Fine for Client Interest Breaches

  • Six company representatives breached client interest for around three and a half years.
  • The company is currently under voluntary administration.
Monday, 19/09/2022 | 08:32 GMT by Arnab Shome
Regulation

ASIC Extends Retail Derivatives Issuers’ Financial Requirements for 5 Years

  • The rules explain the non-tangible asset requirements.
  • Retail OTC derivatives issuers need to comply with these rules.
Friday, 09/09/2022 | 06:08 GMT by Arnab Shome
Brokers

CLSA Premium Suspends Australia Operations

  • The company suspended its New Zealand operations earlier this year.
  • It will move resources from Australia to other areas.
Thursday, 08/09/2022 | 06:13 GMT by Arnab Shome
Brokers

eToro Introduces Australian Stocks Portfolio

  • The broker aims to provide exposure to some of the best-performing Australian stocks.
  • The 35 stocks in the portfolio are from a wide range of industries.
Friday, 02/09/2022 | 10:58 GMT by Bilal Jafar
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