Justin Pooni commented: We welcome ASIC’s long-awaited announcement ensuring greater client protection and we support ASIC’s efforts in implementing robust…
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Ballast Financial Management’s AFS licence cancelled
The suspension will last for 10 weeks and give Ballas enough time to put in place adequate compensation arrangements. This…
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ASIC investigation leads to eight years’ imprisonment for a former financial service adviser
Dick has provided financial advice on behalf of Jigsaw Support Services Limited, GWM Adviser Services Limited and most recently, Synchronised…
Read MoreFederal Court of Australia imposes a $10 million fine on ANZ for breaches of its license
ANZ has admitted that it lacked any contractual entitlement to charge those fees. With these fee charges, ANZ contravened with…
Read MoreASIC bans BGC Securities broker for 10 years
According to the regulator, Moore breached a contractual agreement between BGC and a referring broker by: charging unpermitted spreads on…
Read MoreASIC cancels Union Standard’s ASF licence
USGFX entered in to voluntary administration on 8 July with Andrew Cummins and Peter Krejci of BRI Ferrier (NSW) Pty Ltd appointed…
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USG moves its headquarters to London
In early September the group sent an email to its clients stating: With fifteen years of experience, outstanding technology and…
Read MoreInsider trader sent to prison for three years for trading in Big Un shares
Throughout the course of the investigation, Ho co-operated with ASIC, participated in voluntary interviews and provided documents. Ho also formally…
Read MoreASIC bans former BitConnect representative for seven years
The Australian watchdog found that Bigatton provided unlicensed financial product advice. His conduct was also misleading and deceiving in promotion…
Read MoreASIC bans Brisbane finance broker and cancels the license of Global Merces Funds Management
The ASIC also announced cancelling the Australian financial services (AFS) licence of Global Merces Funds Management Limited. The reason for…
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