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
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.
Australian regulator suspends AFS licence of Prime Value Asset Management Limited
The Australian Securities and Investments Commission (ASIC) has suspended the Australian financial services (AFS) licence of Prime Value Asset Management Limited.
ASIC cancels licence of Australian Fiduciaries Limited
ASIC has cancelled the Australian financial services licence (AFS licence) of Australian Fiduciaries Limited.
ASIC bans former MWL financial adviser Nicole Niu for five years
ASIC has banned former financial adviser Nicole Niu from providing financial services and controlling an entity that carries on a financial services business.
NAB’s WealthHub pays fine of over $1M for reporting failures
WealthHub Securities Limited, an online broker owned by National Australia Bank (NAB), has been fined $1.055 million by the Markets Disciplinary Panel (MDP).
ASIC secures Court order for winding up First Mutual Private Equity
The Federal Court has ordered that First Mutual Private Equity Pty Ltd and the unregistered managed investment scheme operated by it and Gregory Raymond Cotton be wound up.
