ASIC cancels AFS licence of Trade Wind Financial Services
ASIC took this action due to a failure by Trade Wind FS to co-operate with the Australian Financial Complaints Authority (AFCA).
AFCA
Customers of Berndale, USGFX, MyPlanner to benefit from new Aussie scheme
A new Australian compensation scheme gives hope to customers of insolvent firms such as Berndale, USGFX, and MyPlanner.
Australia to establish financial services compensation scheme of last resort
The Australian Government consults on a financial services compensation scheme of last resort (CSLR).
Investments account for 6% of complaints received by AFCA in 2020-21
Australians lodged more than 70,000 complaints with the Australian Financial Complaints Authority (AFCA) in the past 12 months.
Forex CT clients can continue to file complaints with AFCA
Forex CT will continue to be a current member of AFCA until 3 August 2021 and consumers can still lodge complaints.
Australian Financial Complaints Authority updates list of non-compliant members
AFCA has published the details of five financial firms that have failed to pay their membership levy or other fees.
AFCA not to progress complaints about Quattro Capital
The Australian Financial Complaints Authority (AFCA) will not be progressing complaints about Quattro Capital at this point in time.
Australian Financial Complaints Authority adds 34 firms to list of non-compliant members
The Australian Financial Complaints Authority names 34 financial firms who have failed to pay their AFCA membership levy.
IC Markets, Plus500 and IG top list of Australian derivatives dealers with most complaints
IC Markets, Plus500 and IG Markets top list of Australian derivatives dealers with most complaints in H2 2020.
ASIC direction prompts change to dispute resolution body rules
Following ASIC direction, the Australian Financial Complaints Authority (AFCA) has amended its rules regarding the liabilities of licensees.
