Search Results for: ASIC
ASIC warns for entities providing binary options trading
June 10th, 2016
ASIC warns the public about the conduct of the following entities: Name Address Website Go Trading Technologies Ltd (trading as GOptions) “GOptions” 3rd floor C & H Towers, Corner of Great Marlborough and Great George Streets, Roseau, ...
ASIC targets mid-tier brokers on how they are managing conflicts of interest
June 2nd, 2016
The financial regulator is worried about how mid-tier research and broking firms are managing conflicts of interest. Australian Securities and Investments Commission chairman Greg Medcraft has told a large gathering of stockbrokers the regulator has concerns about how some research ...
ASIC cancels the AFS licence of TMK Index Limited
June 1st, 2016
ASIC has cancelled the Australian financial services (AFS) licence of TMK Index Limited (AFS Licence No 314823) for failing to comply with a number of key obligations, including requirements around the lodgment of accounts, breach notifications, meeting Net Tangible ...
ASIC releases its third licensing activity report
May 31st, 2016
ASIC today published its third report on its approach to licence applications. Report 478 Overview of licensing and professional registration applications: July to December 2015 (REP 478) sets out recent regulatory outcomes achieved by ASIC in relation to Australian financial services (AFS) ...
ASIC suspends the license of an investment services firm
May 23rd, 2016
ASIC has suspended the Australian financial services licence held by Marigold Falconer International Limited (Marigold Falconer) until 31 May 2016. ASIC found that Marigold Falconer does not have current professional indemnity insurance to cover claims for breaches of financial ...
ASIC: Credit Suisse Equities paid a $74,000 penalty
May 20th, 2016
Credit Suisse Equities (Australia) Limited (“Credit Suisse”) has paid a penalty of $74,000 to comply with an infringement notice given to it by the Markets Disciplinary Panel (“MDP”). The MDP had reasonable grounds to believe that Credit Suisse contravened ...
ASIC accepts enforceable undertaking from HSBC Bank Australia
May 17th, 2016
ASIC has accepted an enforceable undertaking (EU) from HSBC Bank Australia Ltd (HSBC) that requires HSBC to review and remediate clients who received potentially deficient advice on retail structured products between January 2009 and March 2013. The EU follows ...
ASIC warns investors about services advertised by Top Ten Binary Brokers
May 16th, 2016
ASIC warns investors about services advertised by Top Ten Binary Brokers also known as Top 10 Binary brokers.com (Top Ten Binary Brokers) ASIC is warning the public not to use the Top Ten Binary Brokers website to sign up ...
ASIC bans former employee of financial services business
May 13th, 2016
ASIC has permanently banned former AFS licensee employee Mr Nicolai D’Lamartin, of Rosebery NSW, from providing financial services. In 2014 Mr D’Lamartin was convicted of numerous counts of fraud and related offences under the Crimes Act 1900 (NSW), including ...
ASIC permanently bans Wickham Securities Chairman
May 12th, 2016
ASIC has permanently banned Mr Bradley Thomas Sherwin, former Chairman of collapsed lender Wickham Securities and founder of Sherwin Financial Planners Pty Ltd (in liquidation), from providing financial services. ASIC had previously banned Mr Sherwin in September 2013 for ...
