ASIC cancels licence of JB Markets
The Australian Securities and Investments Commission (ASIC) has cancelled the Australian Financial Services (AFS) licence of JB Markets Pty Ltd.
The Australian Securities and Investments Commission (ASIC) has cancelled the Australian Financial Services (AFS) licence of JB Markets Pty Ltd.
Australia’s Federal Court has ordered Macquarie Bank to pay a penalty of $10 million for lack of effective controls to prevent unauthorised fee transactions.
ASIC’s insolvency data for the period from 1 July 2023 to 31 March 2024 shows an increase in the number of Australian companies failing.
The Federal Court has ordered Adam Blumenthal, former director of EverBlu Capital Pty Ltd, to pay a penalty of $850,000.
Executive Director of Regulation and Supervision Greg Yanco will be appointed as ASIC’s Interim CEO effective 1 June 2024.
ASIC has commenced civil proceedings against blockchain mining companies NGS Crypto Pty Ltd, NGS Digital Pty Ltd and NGS Group Ltd.
Wholesale licensee Lanterne Fund Services Pty Ltd has been ordered to pay a $1.25 million penalty by the Federal Court.
ASIC has appealed the Federal Court’s decision to dismiss ASIC’s proceedings against Finder Wallet Pty Ltd.
ASIC has cancelled the Australian financial services (AFS) licence of Menon & Associates Pty Ltd.
The Australian Financial Complaints Authority (AFCA) has dashed the hopes for compensation of the victims of Union Standard International Group Pty Ltd (USG).