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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  • Following ASIC's investigation, the company's license was revoked.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
Regulation

ASIC Warns Brokers for Offering High-Risk Products to Retail Investors

  • These products include securities lending and crypto assets.
  • The regulator is concerned about claims of ‘zero’ or ‘low-cost’ brokerage.
Wednesday, 31/08/2022 | 05:59 GMT by Arnab Shome
Analysis
Analysis
Regulation
Analysis
Analysis

Google Kicks Off New Financial Services Ads Policy in Australia: What Will Be the Impact?

  • The new rule requires financial services firms to verify their ASIC licenses with Google.
  • Such rules were first introduced in the UK.
Tuesday, 30/08/2022 | 08:11 GMT by Arnab Shome
Executive Moves

Andrew Tobin to Replace Outgoing Gillian Larkins as ASX CFO

  • He will join the role on September 5.
  • The exchange also onboarded its new CEO earlier this month.
Tuesday, 30/08/2022 | 07:46 GMT by Arnab Shome
Retail FX

Six Aussie Banks Pay AU$3.6B to Customers for Fees Misconduct

  • It came after ASIC reviews of the banks’ operations in 2016 and 2017.
  • NAB paid the highest sum.
Wednesday, 24/08/2022 | 07:12 GMT by Arnab Shome
Regulation

ASIC Reveals 4-Year Plan, Focus Will Be on Tech Risks and CHESS Replacement

  • The regulator outlined corporate plans until 2026.
  • It will also supervise ASX on CHESS replacement.
Monday, 22/08/2022 | 06:37 GMT by Arnab Shome
CryptoCurrency

Zero Hash to Become a Digital Currency Exchange Provider in Australia

  • Zero Hash has been registered by the Australian Transaction Reports and Analysis Center.
  • The Australian subsidiary has appointed Claire Wivell Plater as a NED.
Thursday, 11/08/2022 | 16:56 GMT by Solomon Oladipupo
News

Volt Bank Returns All Customer Deposits as a Part of Shuttering Process

  • The bank is closing services due to the lack of funds.
  • It will hand back its APRA license in the coming weeks.
Monday, 25/07/2022 | 06:51 GMT by Arnab Shome
News

Binance Starts Offering Crypto CFDs to Wholesale Australian Traders

  • The OTC derivatives are being offered under an AFS license.
  • Earlier, Binance stopped offering crypto derivatives in Australia after an ASIC warning.
Friday, 22/07/2022 | 10:19 GMT by Arnab Shome
Executives

Australian Broker FXTRADING.com Gets New CEO Michael Berman

  • Until his appointment, Berman was the CEO of Ditto Trade.
  • The industry veteran brings 20+ years of experience to the role.
Wednesday, 20/07/2022 | 15:17 GMT by Solomon Oladipupo
Retail FX

Issues with Investment Product Terms in Australia Jumped by 554%

  • AFCA received 654 complaints against the interpretation of product terms and conditions.
  • The agency received a total of 72,358 complaints in FY22.
Wednesday, 20/07/2022 | 08:23 GMT by Arnab Shome
Retail FX

Australian Authorities Charge Chris Marco with 50 Counts of Fraud

  • Marco operated an unregistered investment scheme.
  • He has been charged under section 409 of the Criminal Code (WA).
Wednesday, 20/07/2022 | 07:03 GMT by Bilal Jafar
Brokers

Trade360 Operator Surrenders Australia License amid ASIC Investigation

  • The company breached licensing obligations.
  • The regulator also banned two executives of the OTC derivatives operator.
Thursday, 14/07/2022 | 07:15 GMT by Arnab Shome
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