Search Results for: ASIC
ASIC: FC Stone Australia Pty Ltd pays $130,000 infringement notice penalty
April 28th, 2015
FC Stone Australia Pty Ltd (“FC Stone”) has paid a total penalty of $130,000 to comply with an infringement notice given to it by the Markets Disciplinary Panel (“MDP”). The MDP had reasonable grounds to believe that FC Stone ...
ASIC issued a statement regarding Australian Dollar movement
April 7th, 2015
At its meeting today, the Board of the Reserve Bank of Australia decided to leave the cash rate unchanged at 2.25 per cent. Following the RBA’s announcement, ASIC has issued a statement regarding: The Commission confirms it will investigate ...
ASIC has suspended the Australian financial services (AFS) licence of FX provider AGM Markets Pty Ltd (AGM)
April 2nd, 2015
Following an investigation, ASIC has suspended the Australian financial services (AFS) licence of FX provider AGM Markets Pty Ltd (AGM). The move is part of ASIC’s ongoing crackdown on the margin FX industry and work around retail investment in ...
ASIC issues warning about Grandegoldens
March 30th, 2015
ASIC cautions Australian investors in the retail foreign exchange industry in regard to dealing with a company named Grandegoldens Pty Ltd (ACN 080 952 245). ASIC has become aware of a website, http://www.grandegoldens.com, that is offering services in the ...
ASIC bans finance broker and cancels Australian Credit Licence
March 23rd, 2015
ASIC has banned Victorian finance broker Ms Meenakshi Devi Callychurn from engaging in credit activities for five years, and cancelled the Australian credit licence of her company Unique Mortgage Services Pty Ltd (UMS). Ms Callychurn of Maribyrnong, Victoria, is ...
UBS faces ASIC scrutiny over privatisation report
March 23rd, 2015
Investment firm UBS is facing scrutiny from ASIC over an altered report on the NSW government’s electricity privatisation plans. A report, originally titled “Bad for the budget, good for the state” was later reissued with the title “Good for ...
ASIC bans finance broker and cancels Australian Credit Licence
March 20th, 2015
ASIC has banned Victorian finance broker Ms Meenakshi Devi Callychurn from engaging in credit activities for five years, and cancelled the Australian credit licence of her company Unique Mortgage Services Pty Ltd (UMS). Ms Callychurn of Maribyrnong, Victoria, is ...
ASIC: Two men sentenced in Australia’s largest insider trading case
March 17th, 2015
Joint media release with The Hon Josh Frydenberg, Assistant Treasurer and The Hon Kelly O’Dwyer, Parliamentary Secretary to the Treasurer Two men were sentenced to jail terms of 7 years and 3 months, and 3 years and 3 months ...
ASIC facilitates foreign financial service providers applying for exemptions
March 13th, 2015
ASIC is clarifying the documentation foreign financial services providers should provide to it when applying for class order exemptions to conduct business in Australia to facilitate an easier application process. In a written statement to key advisers to foreign ...
ASIC issues stop order on pre-prospectus publications by Bitcoin Group Limited
February 13th, 2015
ASIC has placed a stop order prohibiting Bitcoin Group Limited (a proposed Bitcoin ‘miner’ in Australia) from publishing any statements concerning its intention to make an initial public offering of its shares until the lodgement of a prospectus. ASIC’s ...
