Australia’s Federal Court has found BPS Financial Pty Ltd must pay $14 million in pecuniary penalties over its promotion and operation of its ‘Qoin Wallet’.
Four co-conspirators who used Telegram app group chats to pump up the share prices of Australian stocks before dumping them at inflated prices were convicted and sentenced.
The Federal Court has ordered Australia and New Zealand Banking Group Limited (ANZ) pay $250 million in penalties for widespread misconduct and systemic risk failures.
Macquarie Securities (Australia) Limited (MSAL) has admitted to misleading conduct in relation to the misreporting millions of short sales over several years.
The Court has ordered that NGS Group, NGS Crypto and an unregistered managed investment scheme operated by NGS Group be wound up.
ASIC has cancelled the Australian financial services (AFS) licence of Rynco Pty Ltd (479840) for ongoing non-compliance.
ASIC has acted to appoint receivers over the assets of Gregory Raymond Cotton and First Mutual Private Equity Pty Ltd.
Mr Eghrari was warned on multiple occasions by one of his brokers, Bell Direct, about his trading activity.
ASIC has suspended the Australian financial services (AFS) licence of MW Planning Pty Ltd until 8 June 2026.
ASIC alleges that Spice Capital and Mr Oxlade have carried on an unlicensed financial services business.
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