Search Results for: Asic
ASIC bans a fifth broker from Get Approved Finance
May 9th, 2016
ASIC has permanently banned former Perth-based finance broker Mr Grant Aaron Parker from engaging in credit activities and providing financial services. ASIC found that Mr Parker, of Alfred Cove, Western Australia, engaged in misleading conduct when brokering motor vehicle ...
ASIC permanently bans Sydney finance broker
April 22nd, 2016
ASIC has permanently banned Ms Giulia Penna, of Five Dock, New South Wales, from engaging in credit activities and also from providing financial services. Ms Penna was banned following an investigation by ASIC into her conduct as an agent ...
ASIC releases market integrity report
April 4th, 2016
ASIC has released its six-monthly report on market integrity focusing on the three areas of deterrence, standards and education, and behavioural change. In its new short form, Report 475 Market Integrity Report: July to December 2015 (REP 475), covers the work ...
ASIC facilitates easier electronic disclosure under the ePayments Code
March 29th, 2016
ASIC has today announced changes to the ePayments Code that will make it easier for businesses to give information to their customers in a digital form. Under the changes, subscribers to the ePayments Code will be able to give ...
ASIC consults on proposed guidance about ‘robo-advice’
March 22nd, 2016
ASIC today released a consultation paper and a draft Regulatory Guide on regulating digital financial product advice (also commonly known as robo-advice). ASIC Commissioner John Price said, ‘ASIC is keen to see a healthy and vibrant digital advice sector. ...
ASIC warns investors about dealing with Market City International and Brokers500
March 8th, 2016
ASIC warns the public about the conduct of Market City International SRL (Market City International), a body marketing itself as BROKERS500 through the website www.brokers500.com. The website states that BROKERS500 is a leading online trading broker specialising in stocks, commodities, CFDs ...
ASIC sues ANZ for interest rate fixing
March 4th, 2016
ASIC has today commenced legal proceedings in the Federal Court in Melbourne against the Australia and New Zealand Banking Group Limited (ANZ) for unconscionable conduct and market manipulation in relation to the ANZ’s involvement in setting the bank bill ...
ASIC bans former director and responsible manager of Macquarie subsidiary
February 16th, 2016
ASIC has banned Mr Timothy Hornibrook of Clovelly, New South Wales, from providing financial services for a period of six years. Mr Hornibrook, formerly a director and responsible manager of Australian financial services licensee, Macquarie Agricultural Funds Management Ltd ...
ASIC permanently bans financial adviser
February 15th, 2016
ASIC has permanently banned Mr Darren Wise, of Rhodes, NSW, from providing financial services. The ban follows an ASIC investigation and criminal action against Mr Wise which resulted in him pleading guilty, in the Maroochydore Magistrates Court, to three ...
India puts brakes on Facebook’s Free Basics scheme
December 28th, 2015
Facebook‘s effort to provide Indians with free access to a limited number of internet services has run into trouble. India’s telecoms regulator has asked the mobile network that partnered with the US firm to put their Free Basics offer ...
