ASIC allowed to appeal Block Earner decision
The High Court has granted ASIC special leave to appeal a Full Federal Court decision, which found that Block Earner did not need a financial services licence,
ASIC
Societe Generale Securities Australia fined $3.88M for breaching market integrity rules
Societe Generale Securities Australia has been fined $3.88 million by the Market Disciplinary Panel (MDP).
“A bunch of idiots”: Open4Sale directors demonstrate defiant attitude, get fined $2.8M
Two directors of Australian company Open4Sale Global Ltd have been penalised a total of $2.8 million by the Federal Court for breaching disclosure laws.
ASIC permanently bans Metal Alpha director from providing financial services
ASIC has permanently banned Brett Paul Trevillian from providing financial services and engaging in credit activities.
ASIC bans former United Global Capital financial adviser Milutin Petrovic for six years
ASIC found that Petrovic failed key advice obligations when recommending clients to invest into financial products related to United Global Capital (UGC).
ASIC seeks to expand proceeding against former financial adviser Ferras Merhi
ASIC has sought leave from the Federal Court to expand its existing proceeding against former financial adviser Ferras Merhi.
Australian regulator cancels AFS licence of BDS Accounting
The AFS licence was cancelled after BDS Accounting failed to pay industry funding levies which were outstanding for over 12 months.
ASIC cancels licence of MWL Financial Services
ASIC has cancelled the Australian Financial Services licence of MWL Financial Services Pty Ltd .
ASIC whistleblower action leads to $7.5M penalty for TerraCom
TerraCom Limited will pay a penalty of $7.5 million for whistleblower victimisation, following Federal Court proceedings brought by ASIC.
ASIC’s Moneysmart warns of 25% increase in fake celebrity finance endorsements
Well-known personalities whose images have appeared on fake websites include billionaires Andrew ‘Twiggy’ Forrest, Gina Rinehart and Anthony Pratt.
