Search Results for: Asic
Volkswagen Financial Services Australia pays $216,000 penalty for misleading advertising
November 28th, 2017
Volkswagen Financial Services Australia Pty Ltd has paid a penalty of $216,000 after ASIC issued 20 infringement notices for alleged misleading statements made by VWFSA as part of its ‘1% you can’t ignore’ advertising campaign. VWFSA ran several advertisements ...
Cryptocurrency is hot commodity as Bitcoin reaches record-high value
November 20th, 2017
Cryptocurrency is a digital currency with no physical form or intrinsic value, but is an increasingly hot commodity as Bitcoin, its most well-known iteration, flirts with a record high. Bitcoin, the self-proclaimed original decentralized digital currency, is hovering around ...
Financial planner sentenced to 10 years imprisonment for fraud
November 14th, 2017
The former Principal of Sherwin Financial Planners Pty Ltd and Chairman of Wickham Securities Ltd, Bradley Thomas Sherwin, was sentenced in the Brisbane District Court to a total of 10 years imprisonment on 25 charges, brought by the Commonwealth ...
Citibank refunds $3.3 million to credit card customers
November 9th, 2017
Citibank will refund more than $3.3 million to around 39,500 current and former customers for failing to refund customers when credit card accounts were closed with an outstanding credit balance. Citibank will provide refunds for Citibank, Virgin Money, Bank ...
Bitcoin Price Took A Dive After Breaching New Highs
November 7th, 2017
The price of bitcoin dived on November 6 after reaching an all-time high of $7,590 across global exchanges. The decentralized currency’s value dropped to the $6,950-7,000 range. Bitcoin’s Meteoric Price Rally Hits the Brakes What a difference a day ...
China and Australia to cooperate on fintech
November 6th, 2017
The China Securities Regulatory Commission (‘CSRC’) and Australian Securities and Investments Commission (‘ASIC’) have entered into an agreement to promote innovation in financial services in their respective markets. The Information Sharing Co-operation Agreement further underlines the significance of the ...
Supervisory Authorities Warn: Be Cautious
November 2nd, 2017
The supervisory authorities of the United Kingdom (Financial Conduct Authority – FCA), Belgium(Financial Services and Markets Authority – FSMA), Switzerland (Swiss Financial Market Supervisory Authority – FINMA), Jersey (Jersey Financial Services Commission), Hong Kong (Securities and Futures Commission – ...
Financial advice firm to pay $1 million penalty
October 30th, 2017
The Australian Securities and Investments Commission (ASIC) has issued an announcement to inform that: The Federal Court has imposed a civil penalty of $1 million against Melbourne-based financial advice firm NSG Services Pty Ltd (currently named Golden Financial Group ...
Beware of these unauthorised Forex providers
October 26th, 2017
The Autorité des marchés financiers (AMF) and the Autorité de contrôle prudentiel et de résolution (ACPR), regulators of the financial markets in France, warn the public against the activities of several websites and entities proposing Forex investments without being ...
Why is bitcoin splitting again and what is bitcoin gold?
October 24th, 2017
Bitcoin is forking for a second time to form a new cryptocurrency called bitcoin gold, but why is this happening so soon after bitcoin cash? The stir caused by the forking of bitcoin into two different cryptocurrencies caused quite ...
