Earlier this year, ASIC imposed restriction on CFD trading. In March, the regulator lowered the maximum leverage limit from 500:1…
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ASIC issues a warning against trading crypto through unlicensed entities
ASIC said: ASIC understands that some unlicensed overseas platforms are taking, or have already taken, steps to prevent Australian clients…
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Former Trade Wind financial advisor banned for five years by ASIC
Other issues surrounding Trade Wind included the failure to provide audited accounts for both 2019 and 2020. There was also…
Read MoreASIC cancels the AFS licence of BBY Limited
It will also: ensure BBY continues to be required to have arrangements for compensating retail clients for loss or damages…
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Societe Generale meets additional licence conditions imposed by ASIC
ASIC revealed today that SGSAPL has met the licence conditions’ requirements, including providing attestations from a senior executive and a…
Read MoreASIC warns against the websites of Global Capital Swiss, COIN POBIT, A Glance Group
The Australian watchdog reminded investors that they can check if an entity is registered on the ASIC website for free,…
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Forex Weekly Look Back: Colin Murphy joins smartTrade, CMC Markets reports 63% rise in net operating income for Q1 2021
The Swiss Exchange welcomed VanEck ETP AG as a new issuer of Exchange Traded Products (ETPs). VanEck ETP AG adds…
Read MoreASIC extends a 12 months relief for foreign financial services providers regarding AFS licence
ASIC Corporations (Amendment) Instrument 2021/510 extends the relief contained in these instruments: ASIC Corporations (Repeal and Transitional) Instrument 2016/396; ASIC…
Read MoreASIC issues a permanent ban on former Sentinel Wealth manager
ASIC also revealed that Fineff provided financial services outside of Sentinel’s license and that he also acted in conflict with…
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Australians lost $328 million to investments scams in 2020
The ACCC said in the report: It is not surprising that in 2020, 25% of all scam reports involved the…
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