Tag: ASIC

Societe Generale
June 15, 2020 BY Steffy Bogdanova

ASIC places new licence conditions on Societe Generale

The Australian regulator has requested that SocGen to appoint an independent expert to assess and test its controls, systems and processes to ensure compliance and identify any deficiencies and set out any remedial action. The additional AFS license conditions also require SocGen to provide attestations from a qualified senior executive and a board member that…

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ASIC AFS licence cancelled
June 05, 2020 BY Steffy Bogdanova

OTC issuer Forex Capital Trading’s AFS licence cancelled

The Australian watchdog discovered a number of Forex CT clients suffered significant losses in the size of hundreds of thousands of dollars, including from their superannuation accounts, from investing in these products. Forex CT’s AFS licence will continue to end of July to allow setting a dispute resolution scheme in place and to facilitate the…

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Former CEO of Sirtex Medical, Gilman Edwin Wong sentenced for insider trading
June 04, 2020 BY Steffy Bogdanova

Former CEO of Sirtex Medical sentenced for insider trading

In October 2016 Wong having inside information on Sirtex’s sales sold 74,968 Sirtex shares and gained more than $2 million. Later in 2016, Sirtex released a Trading Update on the ASX devaluing the growth forecasts for the 2017 financial year. The opening price of Sirtex shares fell to $13.01 after the announcement, a decrease of…

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ASIC suspends AFS license
June 04, 2020 BY Steffy Bogdanova

ASIC suspends the AFS licence of BBY Ltd

BBY can to ensure that the receivers and liquidators have the legal authority to transfer a client’s “holder identification number” to another market participant with instructions from the client or to convert a licensee sponsored holding to an issuer sponsored holding in accordance with the ASX Settlement Operating Rules. The company can compensate retail clients…

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asic afs license
June 01, 2020 BY Steffy Bogdanova

ASIC cancels the AFS licences of Personal Risk Management and Australian Golden Securities

ASIC also cancelled the AFS licence of Melbourne-based financial services provider and responsible entity Australian Golden Securities Ltd (formerly AFS Capital Securities Ltd) effective 21 May 2020. The Australian watchdog discovered that Australian Golden Securities did not lodge its financial and audit reports and failed to address its short comings in maintaining adequate competence and…

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May 29, 2020 BY Steffy Bogdanova

Deutsche Börse partners with Chinese data provider Wind

Li Zhou, Vice President of Wind commented: As the first financial information company in China to sign a comprehensive strategic cooperation with Deutsche Börse, Wind will cooperate on market data, news and information, research reports, ESG and investor education as well as other fields based on the advantageous resources of both sides. This cooperation will…

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