Search Results for: Vest Financial
Directors of Storm Financial penalised for breach of duties
March 22nd, 2018
The Australian Securities and Investments Commission has issued an announcement to inform investors and public that the Federal Court has imposed civil penalties of $70,000 each on the directors of Storm Financial, Emmanuel and Julie Cassimatis, who were previously ...
Seniors are at a higher risk than other investors of losing money to fraud
March 16th, 2018
The Board of the International Organization of Securities Commissions has published a report that examines the growing vulnerability of ageing investors to financial fraud and other risks and identifies sound practices for enhancing their protection. The report Senior Investor ...
Should Successful Forex Traders Use Loans To Invest?
March 9th, 2018
Did you know that over 50% of Americans invest in different markets? In fact, a staggering $5 trillion dollars are traded over the Forex market every single day. So it is easy to understand why people want to invest ...
Investors Review: Yen, Euro, Australian Dollar and Asian stocks all fell
March 1st, 2018
Asian stocks started March on a weak footing after U.S. shares tumbled in afternoon trading Wednesday. Treasuries and the dollar steadied as traders awaited a second appearance from Federal Reserve Chairman Jerome Powell, whose comments riled markets earlier this ...
Household financial assets and liabilities in the EU
February 26th, 2018
Total financial assets of households in the European Union (EU) reached €33 850 billion in 2016. The assets mainly consisted of insurance, pensions and standardised guarantees (38.8% of all household financial assets), currency and deposits (30.4%), equity and investment ...
Director to pay $400,000 and cease to provide financial services for five years
February 16th, 2018
ASIC has accepted an Enforceable Undertaking from director Mr David Orth under which he will cease to provide financial services for five years. In addition, Mr Orth will make a community benefit payment in the amount of $400,000 to ...
IOSCO consults on proposed policy measures to protect investors of OTC leveraged products
February 15th, 2018
The International Organization of Securities Commissions (IOSCO) has issued a consultation report proposing policy measures for its members to consider when addressing the risks arising from the offer and sale of OTC leveraged products to retail clients. The Report ...
BCSC consults with stakeholders in financial technology sector
February 15th, 2018
The British Columbia Securities Commission (BCSC) today released a fintech notice and request for comment (the notice), summarizing the results of the BCSC’s fintech outreach activities in 2017 and seeking input on potential measures to clarify or modernize B.C. ...
CySec announced the authorisation of two Cyprus Investment Firms
February 5th, 2018
The Cyprus Securities and Exchange Commission (CySec), the financial regulatory authority of Cyprus, has issued two announcements to inform that new companies have been approved by the Commission as Cyprus Investment Firms (CIFs). According the announcements, the firms Grandis ...
ASIC reports on how large financial institutions manage conflicts of interest in financial advice
January 24th, 2018
An Australian Securities and Investments Commission (ASIC) review of financial advice provided by the five biggest vertically integrated financial institutions has identified areas where improvements are needed to the management of conflicts of interest. The review looked at the ...
