Search Results for: Australian Securities and Investments Commission
ASIC reports on dark liquidity rule
May 19th, 2014
The Australian Securities and Investments Commission (ASIC) today released the results of a review of rule changes affecting ‘dark trading’ and their impact on market quality. The meaningful price improvement rule and changes to block tier thresholds were introduced ...
ASIC issues penalty fine
May 15th, 2014
The Australian Securities and Investments Commission (ASIC), issued two infringement notices for misleading statements in Product Disclosure Statements (PDS) for two investor funds the company manages as responsible entity for Australian Mutual Holdings Limited (AMH) which must pay $20,400 in ...
D2MX Pty Ltd pays infringement notice penalty to ASIC
May 6th, 2014
The Australian Securities and Investments Commission (ASIC), has given D2MX Pty Ltd (D2MX) an infringement notice penalty and therefore has paid a total penalty of $110,000 to comply with an infringement notice given to it by the Markets Disciplinary Panel ...
ASIC cancels Banksia’s AFS licence
April 28th, 2014
Australian Securities and Investments Commission (ASIC) has cancelled Banksia Mortgages Limited’s (Banksia Mortgages) Australian financial services (AFS) licence. Banksia Mortgages is one of four subsidiaries of the Victoria-based Banksia Financial Group, which collapsed in 2012. The others include the ...
ASIC cancels Parramatta insurance broker’s AFS licence
April 24th, 2014
The Australian Securities and Investments Commission (ASIC), has cancelled the Australian financial services (AFS) licence of Parramatta-based insurance broker, WD Gelle Insurance & Finance Brokers Pty Ltd. The company’s AFS licence was cancelled after ASIC found that it had ...
Sonray director jailed following $46 million collapse
April 17th, 2014
The Australian Securities and Investments Commission (ASIC), has issued a press release informing the investors that former sole director of Sonray Capital Markets Pty Ltd (Sonray), Mr Russell Andrew Johnson, has been sentenced to six-and-a-half years in jail. Today’s ...
ASIC: man pleads guilty to $260,000 fraud
April 16th, 2014
The Australian Securities and Investments Commission has issued a press release informing the investors that a NSW Central Coast man has pleaded guilty to a $260,000 fraud. William John Jones, of Blue Haven, appeared before Downing Street Local Court ...
ASIC suspends auditor
April 16th, 2014
The Australian Securities and Investments Commission (ASIC), has announced the suspension of the registration of Wayne John Wessels, the former auditor of whitegoods distributor Kleenmaid, following a successful application to the disciplinary body, the Companies Auditors and Liquidators Disciplinary ...
ASIC bans convicted former adviser from credit industry
April 15th, 2014
The Australian Securities and Investments Commission (ASIC), has permanently banned Mr Pavan Vyas from engaging in credit activities after he was convicted for dishonest conduct. Mr Vyas submitted 15 false insurance applications between June 2012 and March 2013 to ...
ASIC charges former CEO of IT companies
April 15th, 2014
The Australian Securities and Investments Commissions (ASIC), has issued an announcement that Mr Peter Mavridis, of Bentleigh, Victoria, has appeared before the Melbourne Magistrates Court after an ASIC investigation led to him being charged with 24 charges of obtaining ...
