Search Results for: ASIC
Relief for foreign financial service providers from Luxembourg
November 22nd, 2016
ASIC has extended its relief for foreign financial service providers (FFSPs) from the requirement to hold an Australian financial services (AFS) licence when providing financial services to Australian wholesale clients by Luxembourg fund managers. The relief in ASIC Corporations (CSSF-Regulated ...
Elliott Wave Analysis On EURUSD And S&P500
November 16th, 2016
EURUSD EURUSD keeps trading lower within a higher degree impulsive wave, now specifically in black sub-wave 4, that can be part of an ending diagonal, that usually shows up in the fifth and final wave. If we are right, ...
CommSec pays $200,000 in infringement notice penalty
November 16th, 2016
Commonwealth Securities Limited (“CommSec”) has paid a penalty of $200,000 to comply with an infringement notice given to it by the Markets Disciplinary Panel (“MDP”). The MDP had reasonable grounds to believe that CommSec contravened subsection 798H(1) of the Corporations Act ...
easyJet’s financial year results shows a profit before tax decrease of 27.9%
November 15th, 2016
Summary: Record number of passengers at 73.1 million, up 6.6% year on year with record load factor at 91.6% (2015: 91.5%), reflecting easyJet’s resilient business model and ability to drive demand, even in challenging markets Capacity grew by 6.5% ...
Former financial adviser has been sentenced to seven years imprisonment
November 15th, 2016
Former financial adviser, Mr Darren John Wise, has been sentenced in the Maroochydore District Court to seven years imprisonment on charges brought by ASIC. Mr Wise will be eligible for parole after serving 20 months. Mr Wise, formerly of ...
The world’s biggest bitcoin wallet provider will have a record month thanks to Trump
November 14th, 2016
The world’s biggest bitcoin wallet provider will “pretty easily” have its biggest ever month for activity in November, following a surge in use after Donald Trump’s shock election victory in the US. Peter Smith, the cofounder and CEO of ...
Perilous government finances
November 13th, 2016
President-elect Trump stated in his victory speech that he intends to make America great again by infrastructure spending. Unfortunately, he is unlikely to have the room for manoeuvre to achieve this ambition as well as his intended tax cuts, ...
Financial adviser banned for price manipulation of MINI warrants issued by Credit Suisse
November 10th, 2016
On 8 September 2016, ASIC banned Michael Spencer, formerly a financial adviser, from providing financial services for three years. ASIC found that Mr Spencer engaged in manipulation of the price of three types of MINI warrants issued by Credit ...
Elliott Wave Analysis: USDJPY Searching For A Temporary Support; Area 100/102 Seems Probable
November 9th, 2016
USDJPY has turned sharply lower last week, away from 105.50 area where we think that market accomplished a three wave rally up in wave C) that belongs to a big Elliott Wave triangle. As such, a new three wave ...
Bank fined $215 Million by DFS for violating Anti Money Laundering Laws
November 7th, 2016
DFS Investigation Uncovers Intentional Actions to Obscure U.S. Dollar Clearing Transactions, Including Counterfeit and Falsified Invoices involving China and Russia and Omission of Information Regarding Possible U.S. Dollar Trades with Sanctioned Counterparties Bank Management Silenced and Severely Curtailed the ...
