Tag: ASIC license

March 22, 2019 BY Valentina Kirilova

ASIC removes Morgans Financial Ltd's additional license conditions

The Australian regulator ASIC informed that it has removed additional license conditions imposed on Morgans Financial Limited back in 2016. In November 2016, ASIC and Morgans Financial Limited agreed for an independent compliance consultant to monitor, evaluate and report on Morgan’s implementation of recommendations arising from an independent review of its compliance measures. The conditions…

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asic license cancelled
November 09, 2018 BY LeapRate Staff

ASIC cancels license of FX broker AGM Markets for 'unconscionable conduct'

After freezing its assets earlier this year, Australia financial regulator ASIC has announced that it has cancelled the Australian financial services (AFS) licence of the retail OTC derivative issuer, AGM Markets Pty Ltd. AGM's brands include AlphaTrade Group and FirstIndex (firstindex.com). An ASIC investigation found AGM’s financial services business involved core elements of unconscionability and unmanaged…

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June 26, 2018 BY Valentina Kirilova

ASIC imposes license conditions on Aurora Funds Management Limited

Australian regulator ASIC informed the public that it has acted to address concerns about the operations of Aurora Funds Management Limited (Aurora), the responsible entity of several ASX-listed managed investment schemes including the Aurora Property Buy-Write Income Trust (AUP). ASIC has imposed conditions on Aurora’s financial services license. This follows ASIC undertaking enquiries into the…

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Boostmarkets TradeFred fx affiliate
November 15, 2017 BY LeapRate Staff

Exclusive: Betfred's FX unit TradeFred gets CySEC license, launches affiliate site Boostmarkets.com

LeapRate Exclusive... Watch out FCA regulated FX and CFD brokers, here they come. LeapRate has learned that Betfred's new entrant in the FX and CFD brokerage space, TradeFred, is expanding with a soon-to-be-launched EU regulated entity in Cyprus. TradeFred has also already expanded its international footprint with a live operation in Australia. And, the company…

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December 21, 2016 BY Valentina Kirilova

Derivatives platform OTCX receives Australia Market Exemption License by ASIC

OTCX, a provider of electronic derivatives trading capabilities, today announced the development of additional trading capabilities to include OTC Equity Derivative and Interest Rate Derivative trading for the Australian market. In October 2016, the Australian Securities and Investments Commission (ASIC) approved a Market Exemption License for OTCX Trading Ltd. This enables regulatory monitoring of the…

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April 22, 2016 BY LeapRate Staff

FX education site Traders4Traders has its ASIC license reinstated - LeapRate Exclusive

LeapRate Exclusive Interview... LeapRate has learned that popular Australia based FX trader education website Traders4Traders has had its Australian financial services (AFS) license fully reinstated by Australian regulator ASIC. We had reported back in February that ASIC had issued a temporary suspension order for Traders4Traders' license, after it found that Traders4Traders failed to lodge financial statements, auditor reports…

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February 04, 2016 BY Maria Nikolova

Court restrains “futures trader” Roger Munro from operating financial services business in Australia

A follow-up to LeapRate's earlier report about the proceedings undertaken by the Australian Securities & Investments Commission (ASIC) against unlicensed traders Dr Roger Gareth Munro and Mrs Kathleen Susan Munro. The Supreme Court of Queensland has ruled that Dr Roger Munro breached the Corporations Act by running a financial services business in Australia without holding the necessary…

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February 16, 2015 BY LeapRate Staff

ASIC highlights MT4 Virtual Dealer risks in canceling Australia licence of retail forex broker Enfinium

Australia financial regulator ASIC has continued its tough recent stance on the retail forex sector, with the cancellation of the Australian Financial Services (AFS) license of retail forex broker Enfinium Pty Ltd following a detailed investigation. ASIC's main concern surrounded Enfinium's use of the Virtual Dealer plugin for MT4. Virtual Dealer gives a broker the ability to add…

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