Tag: ASIC enforcement action

March 24, 2014 BY Gerald Segal

ASIC vows to fight forex fraud

Australian regulatory chief voices concern amid global FX rigging probe As we have been covering here at LeapRate, international investigations of price-rigging by banks and currency traders have now reached down under. Amid international pressure from other jurisdictions, Greg Medcraft, chairman of the Australian Securities and Investment Commission (ASIC), told the Financial Times last week:…

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March 18, 2014 BY Andrew Saks-McLeod

ASIC Terminates AFS License Of FX Provider AIE Fiduciary

Australian financial markets regulator responds to application filed to terminate AFS license after concerns had been raised over license obligations The Australian Securities and Investments Commission (ASIC) has today announced that it has terminated the Australian Financial Services license of AIE Fiduciary Services, a company which provided financial product advice relating to securities, derivatives and…

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February 25, 2014 BY Gerald Segal

ASIC takes action against Forex Financial Services Ltd

The company (unknowingly) engaged in offering managed discretionary accounts The Australian regulator ASIC has issued a press release that details an enforceable action against online forex broker Forex Financial Services Ltd (Forex FS). An investigation which was carried out by Australian authorities has found that between March 2010 and October 2011 the brokerage has been…

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