ASIC cites risky products, improper onboarding in review of online brokers
The findings follow a targeted ASIC surveillance of nine entities offering short-dated ETOs, futures and fractional shares to retail investors.
ASIC News
Yepbit warning issued after false frozen funds claims
Yepbit is purporting to be a digital assets and futures trading platform trading globally, including in Australia.
ASIC suspends license of CFDs broker GFA Capital Markets
GFA’s license was suspended after regulators found finding multiple client money, reporting obligation and compliance failures.
Former Berndale director Stavro D’Amore sentenced to 23 months in prison
Stavro D’Amore improperly transferred $681,496.98 in company funds, which he knew were primarily derived from retail client deposits.
ASIC’s Moneysmart warns that no Prediction Markets are currently licensed in Australia
Prediction markets are platforms that offer binary ‘event contracts’ based on the outcomes of future events.
ASIC seeks restraining orders against Royce Capital, Royce (Aust) Real Estate, Louie Kortesis and Paul Chiodo
ASIC is seeking orders from the Federal Court to restrain Royce Capital Investments Pty Ltd, Royce (Aust) Real Estate Pty Ltd (RARE), Louie Kortesis and Paul Chiodo.
Australian regulator acknowledges TMX Group’s acquisition of Cboe Australia
ASIC acknowledges TMX Group Limited’s announcement that it has completed its acquisition of Cboe Australia.
ASIC secures Court order to wind up Capital Guard
ASIC has successfully sought Court orders to wind up Capital Guard AU Pty Ltd and appoint independent liquidators to take control of the company.
ASIC bans former NextGen Financial Group directors Nicholas Brookes and Vitorio Turco for three years
ASIC has banned former NextGen Financial Group Pty Ltd directors Nicholas Duncan Jeremy Brookes and Vitorio Vincenzo Turco.
Brendan Gunn gets max 12 month sentence for role in crypto scam
The maximum sentence of imprisonment able to be imposed in a summary prosecution for this offence is 12 months.
