ASIC issues interim stop orders against Stratfund’s Australian Fixed Income Fund
ASIC has made interim stop orders against two products offered under the Australian Fixed Income Fund (Fund) operated by Stratfund Limited.
DDO
Australian Unity Funds Management to pay $7M penalty for failing to confirm product suitability for investors
The Federal Court has ordered Australian Unity Funds Management Limited to pay a $7.125 million pecuniary penalty.
ASIC makes order preventing FXCM from issuing CFDs to retail clients
ASIC has made an interim stop order preventing Stratos Trading Pty Limited (trading as FXCM) from issuing CFDs to retail clients.
ASIC secures $8M court order against Firstmac
Firstmac ordered to pay $8 million in penalties for failing to comply with its design and distribution obligations.
ASIC secures judgment against Kraken crypto exchange operator
The Federal Court of Australia today ruled Bit Trade Pty Ltd, the operator of the Kraken crypto exchange in Australia, failed to comply with design and distribution obligations.
ASIC secures Court ruling against Firstmac for breaches of new design and distribution provisions
The Australian Federal Court today found that Firstmac Limited breached the new design and distribution provisions.
ASIC issues orders to protect retail investors from acquiring CFDs or FX from Trademax
ASIC has made two interim stop orders preventing Trademax Australia Limited from dealing in CFDs or margin FX.
ASIC consults on extension of design and distribution obligations instrument
The design and distribution obligations (DDO) require firms to design financial products to meet the needs of consumers.
ASIC issues DDO stop order against Mitrade Global
ASIC has issued an interim stop order preventing Mitrade Global from dealing in CFDs or margin FX to retail investors.
Saxo Capital Markets amends target market determinations of some CFDs due to ASIC concerns
ASIC made eight interim stop orders on 16 May 2023, preventing Saxo Capital Markets (Australia) from issuing some new CFDs to retail clients.
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