Tag: australian financial regulation

April 15, 2016 BY Maria Nikolova

AAT approves ASIC agreement with promoter of non-existent fund

A follow-up to LeapRate's earlier story about the Australian Investments and Securities Commission (ASIC) banning Paul Duncan, a promoter of 'Exalt Managed Futures Fund', which never actually existed... The Administrative Appeals Tribunal (AAT) has approved an agreement reached between ASIC and Mr Duncan, to ban him from providing financial services. The agreement cuts the term…

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March 30, 2016 BY Maria Nikolova

Retail Forex remains area of focus for ASIC

Australian Securities & Investments Commission (ASIC) today published its enforcement report for the period July 1, 2015 to December 31, 2015, outlining key results of its enforcement activities and areas of focus for the future. Retail margin Forex trading, as well as poor organisational culture in the financial services industry, are amid the key focus…

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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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