Category: Financial Services

April 18, 2018 BY Valentina Kirilova

ASIC charges NSW director with unlicensed financial services business

Mr Senen Pousa, of Byron Bay, was today sentenced in the Brisbane District Court on charges brought by ASIC. Mr Pousa was sentenced after earlier pleading guilty to one charge of aiding and abetting his company, Investment Intelligence Corporation (IIC), to carry on a financial services business without holding an Australian financial services (AFS) license.…

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April 18, 2018 BY Valentina Kirilova

FCA warns against Premium Peak Ltd T/A Greenfields Capital

UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the company Premium Peak Ltd T/A Greenfields Capital. Premium Peak Ltd T/A Greenfields Capital is not authorised by the FCA but has been targeting people in the UK…

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April 18, 2018 BY Valentina Kirilova

ASIC bans former financial adviser for dishonest conduct

ASIC has announced that it has permanently banned Mr Grant Desmond Taylor, of Montmorency, Victoria from providing financial services after finding he engaged in dishonest and deceptive conduct towards his clients. ASIC also found that Mr Taylor was not of good fame or character. Mr Taylor was an authorised representative of GWM Adviser Services Ltd…

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April 18, 2018 BY Valentina Kirilova

OSC warns against BitConnect, BitConnect Coin and the BCC Exchange

The Ontario Securities Commission (OSC) has just made a warning against BitConnect. BitConnect manages the websites bitconnect.co and bitconnectcoin.co, where it claims to operate an online exchange platform known as the BCC Exchange. These sites offer multiple investment opportunities that include “mining”, “trading” and “staking” BitConnect Coin, which is also known as BCC Coin. BitConnect…

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April 18, 2018 BY Valentina Kirilova

Cboe Global Markets launches Cboe One-Year Volatility Index

Cboe Global Markets, Inc. (Nasdaq: CBOE) has announced the launch of up-to-the-minute market estimates of one-year volatility, the Cboe One-Year Volatility Index (ticker: VIX1Y), calculated by using real-time prices of options in the S&P 500® Index (SPXSM). The introduction of VIX1Y will give traders the ability to track the relative movements of one-month and one-year…

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April 18, 2018 BY Valentina Kirilova

ASIC bans former Suncorp Financial Services financial adviser

ASIC has announced that it has banned Queensland financial adviser Gerald Grubwinkler from providing financial services for four years. ASIC found that Mr Grubwinkler failed to act in his clients' best interests when providing advice on superannuation and insurance. Specifically, ASIC found that Mr Grubwinkler had failed to: adequately identify the subject matter and scope…

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April 17, 2018 BY Valentina Kirilova

Growth in Americas helps derivatives market offset declines in EMEA & Asia-Pacific

The World Federation of Exchanges (WFE), the global industry group for exchanges and central counterparties (CCPs), has just published its annual WFE IOMA Derivatives Market Report (.pdf file) today, which shows the total volume of derivatives traded in 2017 declined by 0.2%. ​Stock markets worldwide and the global economy ended 2017 on a strong note. Benchmark…

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April 17, 2018 BY Valentina Kirilova

ASIC charges former financial adviser charged with dishonesty

Following an ASIC investigation, former financial adviser Mr Trevor William Martin, has today been charged with twenty-one counts of dishonestly obtaining client funds and five counts of using false documents to obtain a financial advantage under the NSW Crimes Act. ASIC alleges that on twenty-one occasions between 1 June 2011 to April 2015 Mr Martin,…

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